Key takeaways:
- Google has agreed to pay $700 million to settle allegations that it had been stifling competition against its Android app store.
- The settlement includes $630 million to compensate U.S. consumers who were funneled into a payment processing system.
- Google also agreed to make several other concessions, such as allowing app developers to inform users of alternative payment options.
Google has agreed to pay $700 million to settle allegations that it had been stifling competition against its Android app store. The settlement was reached with state attorneys general in September, but the terms were only revealed late Monday in documents filed in San Francisco federal court.
The settlement includes $630 million to compensate U.S. consumers who were funneled into a payment processing system that state attorneys general alleged drove up the prices for digital transactions within apps downloaded from the Play Store.
Google also agreed to make several other concessions, such as allowing app developers to inform users of alternative payment options, like Apple does in its iPhone app store.
The settlement comes a week after a federal court jury rebuked Google for deploying anticompetitive tactics in its Play Store for Android apps. This case could result in even bigger changes, as the jury is still deliberating on a verdict.
Google has not admitted any wrongdoing as part of the settlement.
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