Google Inc. will resolve a 20-month antitrust probe by U.S.regulators today with a voluntary agreement and a consent decree onthe company's alleged misuse of patents, three people familiar withthe matter said.

The U.S. Federal Trade Commission is poised to announce thatGoogle has agreed to voluntarily change some business practices andsettle allegations it misused patents to thwart competitors insmartphone technology, said the people, who asked not to be namedbecause the decision isn't public.

The FTC is expected to close its investigation into whetherGoogle, operator of the world's most popular search engine, skewsits search results to favor its own services without enforcementaction, the people said. The FTC's decision not to take action is ablow to competitors including Microsoft Corp., Yelp Inc. andExpedia Inc. and comes at a time when the European Union is seekinga “detailed commitment” on search to end its probe into allegationsthat Google discriminates against rivals.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.