Google Antitrust case: Google's defeat, company ready to pay Rs 6,000 crore in Antitrust case
Google will change its app store policy: Google has signed a settlement of Rs 6,000 crore to settle the antitrust case. Under this agreement, Google will also change the policies related to its App Store. In October, the Competition Commission of India (CCI) imposed a fine of $ 275 million on Alphabet Inc.'s company Google in two cases.
A court in San Francisco in America has announced that Google's parent company Alphabet has agreed to pay an amount of $ 700 million (about six thousand crore rupees) to settle a lawsuit. An antitrust case against Google was filed by many American states and consumers. Under the agreement, Google also said that it would change the policies related to its App Store (Google Play).
The company is accused of illegally dominating the Android market through its App Store. Google had settled in September but a lawsuit related to it was pending, so its information was kept confidential. The agreement is pending final approval from a judge. Google has denied making any mistake in this matter. Last year, an antitrust watchdog found that Google was abusing its power.
In October, the Competition Commission of India (CCI) imposed a fine of $ 275 million on Alphabet Inc.'s Google in two cases. The point was to take advantage of its dominance in markets like online search and the Android app store. CCI had also asked Google to change the restrictions imposed on smartphone manufacturers related to pre-installing apps.
The news of the agreement comes at a time when Google is facing antitrust investigations around the world. Antitrust law is also known as competition law. Its purpose is to protect trade from unnecessary restrictions, monopolies and price fixing.