In the US, preparing to bring antitrust charges against Google

By | May 19, 2020
In the US, preparing to bring antitrust charges against Google

A group of U.S. attorney generals plans to file an antitrust lawsuit against Google later this year. It is reported by Reuters.

The US Department of Justice (DOJ) also intends to bring antitrust charges against the company – this summer.

Against the background of this news, shares of Alphabet holding, which owns Google, at the after-exchange trading on Friday, May 15, fell by 1.5%.

Texas Attorney General Ken Paxton, who leads the investigation from a group of states, said investigators had already interviewed companies that had been hit by Google’s anti-competitive actions. He also assured that the coronavirus epidemic did not slow down the antitrust investigation.

According to Paxton, the investigation is planned to be completed by the fall of this year. If it shows that filing a lawsuit makes sense, it will be done shortly afterward.

Paxton also added that he did not rule out any possible measures against the company, including dividing its business into parts.

Google, in turn, said that they continue to facilitate ongoing investigations by DOJ and Attorney General Paxton, and at the moment they can add nothing more.

The US Department of Justice has not yet responded to a request for comment.

As previously reported, DOJ is investigating the activities of all four of the largest Internet giants in the US – Google, Facebook, Amazon and Apple, and the Federal Trade Commission – Facebook and Amazon.

Regarding the investigation by state attorneys, it focuses on Google and Facebook.

Google confirmed that it came under the DOJ antitrust investigation in September 2019.

In the same month, it became known that prosecutors in all 50 US states joined the antitrust investigation against Google, led by Ken Paxton.

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