Market Chatter: Google's Chrome Could Fetch Up to $20 Billion if Judge Permits Sale

MT Newswires Live2024-11-19

Alphabet's (GOOG, GOOGL) Chrome internet browser could fetch up to $20 billion if a judge permits a Justice Department proposal to sell the business, Bloomberg reported Tuesday.

The DOJ will ask the judge, who ruled in August that Google illegally monopolized the market, to obligate measures regarding AI and the Android smartphone operating system, Bloomberg said citing people familiar with the matter.

Alphabet and the DOJ did not immediately reply to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 176.40, Change: -0.41, Percent Change: -0.23

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