"Under the ruling, Google is now required to share its search data with rival platforms to help level the playing field and promote competition. Also, it must offer search and search ad syndication services to rivals at standard rates. Ban on "Exclusive" Default Search Contracts The ruling also prohibits Google from entering into new exclusive agreements that make its products the default search engine on phones, browsers, and other devices."
"However, Google can still pay partners to feature its products, as long as those deals are not exclusive. Judge Mehta said stopping these payments could hurt innovation and lead to fewer new products. This means Google can still pay companies such as Apple (AAPL) to keep its search engine as the default option, marking a major win for both tech giants. This is because Apple reportedly makes billions each year from the deal."
Judge Amit P. Mehta ruled that Google is not required to sell its Chrome browser, but must accept significant remedies to curb anti-competitive behavior. Google must share search data with rival platforms and offer search and search-ad syndication services at standard rates. New exclusive default-search agreements are prohibited, though Google may continue to pay partners for non-exclusive placement. The judge warned that barring payments could harm innovation. Google and the DOJ must submit a revised final judgment by September 10 to align with the ruling. The decision follows an earlier finding that Google illegally maintained a search monopoly, and GOOGL stock rose 8% after-hours.
Read at TipRanks Financial
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