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U.S.: Google faces FTC ultimatum

 |  November 12, 2012

FTC Chairman Jonathan Leibowitz is reportedly pressuring Google to settle in the FTC’s ongoing antitrust investigation into the search engine giant, or the company will face a formal complaint, say sources. The ultimatum comes after nearly two weeks of discussions between Google and the FTC without any proposed remedy from Google. The investigation has been ongoing for nearly two years into whether Google is abusing its dominance in the market; the FTC has reportedly prepared the official complaint if a settlement proposal is not put forth by the California company. Sources say the FTC will take action in the next week or so. A spokesperson for Google says the company is in full cooperation with the FTC and its investigation.

Full Content: Bloomberg

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