BUZZ-Alphabet down after report says DOJ to ask judge to force Google to sell off Chrome

Reuters2024-11-19
BUZZ-Alphabet down after report says DOJ to ask judge to force Google to sell off Chrome

** Shares of Google-parent Alphabet GOOGL.O edge down 0.7% at $174.04 premarket

** The U.S. Department of Justice will ask a judge to force GOOGL to sell off its Chrome internet browser, Bloomberg News reported, citing people familiar with the plans

** The DOJ will also ask the judge, who ruled in August that Google illegally monopolized the search market, to require measures related to AI and its Android smartphone operating system - report

** Company plans to appeal once U.S. District Judge Amit Mehta makes a final ruling, which he is likely to do by August 2025

** Up to last close, stock had risen ~25% this year

(Reporting by Jaspreet Singh in Bengaluru)

((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))

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