Google, FTC, Reach Antitrust Agreement

Tickers in this article: GOOG

NEW YORK (TheStreet) - Google(GOOG) and the Federal Trade Commission have announced a deal to end the Federal agency's nearly two-year old antitrust probe. The search engine leader has agreed to make changes, voluntarily, to its current Internet search practices.

Google has reportedly agreed to allow advertisers to have more say over how their ads appear on the search results listings page. The Internet giant also agreed to limit the use of reviewers' "snippets" and other quotes gathered from rival providers.

Today's deal is somewhat unusual in that the agreement provides for no long-term oversight by the FTC - a usual stipulation in settlements such as this.

Google reportedly also agreed to settle the investigation into how its handled patents obtained in the deal to buy the former Motorola Mobility in mid-2012.

Today's settlement has no bearing on similar investigations of Google by European regulators.

--Written by Gary Krakow in New York.

>To submit a news tip, send an email to: tips@thestreet.com.

Usage of this site is governed by TheStreet's Terms of Use available here. Information collected on this site may be collected by TheStreet and OC Register. TheStreet's use of information collected on this site will be governed by TheStreet's privacy policy available here. OC Register's use of information collected on this site will be governed by OC Register's privacy policy available here. If either TheStreet's or OC Register's privacy policy have provisions that are more restrictive than the provisions of the other party's privacy policy, such more restrictive provisions shall not apply to such other party.

Copyright © 2012 Orange County Register Communications. All Rights Reserved.
Site Help | Site Map