Just days after reports surfaced that US regulators were investigating Google, the conglomerate, which is currently under investigation by European regulators and escaped a previous Federal Trade Commission probe unscathed just last year, has said it has not been approached by the FTC concerning any new investigation. Reports surfaced last week that Google was being investigated yet again for anticompetitive practices, this time over the way it sells online advertising. One anonymous source noted that the investigation this far was informal but has been ongoing for more than a month. But a statement emailed by Google representatives to the press on Friday denied any such investigation and noted that the FTC had just concluded a lengthy antitrust review of the company, referring to an earlier case that concluded early this year with the FTC. “…no issues were raised about our display business. Nor have we been told of any new or additional investigation into our business,” the statement said. Antitrust experts have said that a major, formal investigation by regulators is unlikely to initiate so soon after the last one, and that Commissioner Joshua Wright’s recusal from future Google cases for the next two years leaves the regulator down to four commissioners from its usual give.
Full Content: Thomson Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile Faces Class-Action Lawsuit Over Sprint Merger After Appeal Denied
May 16, 2024 by
CPI
Google Faces Backlash Over Introduction of AI-Generated Summaries in Searches
May 16, 2024 by
CPI
CMA Launches Phase 2 Probe into AlphaTheta’s Acquisition of Serato
May 16, 2024 by
CPI
NFL Executive Escapes Testifying in High-Stakes Trial Over Televised Games
May 16, 2024 by
CPI
EU Consumers Lodge Complaint Against Chinese Retailer Temu Over Content Rules Breach
May 16, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI