Google to spend $500mn on compliance to settle shareholder antitrust suit
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Google’s parent company Alphabet will spend at least $500mn over the next 10 years on rebuilding its global compliance structure, under the terms of a proposed settlement with shareholders suing it for alleged antitrust violations.The preliminary agreement follows a series of legal setbacks for the tech giant in the US. Multiple courts have found that Google has monopolised ...
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