Google share price bump after company break-up avoided

The Google campus in Mountain View, Califfornia (Jeff Chiu/AP)

Akash Sriram and Rashika Singh

Reuters

Alphabet shares rose by 6pc in pre-market trading today after a US judge ruled against breaking up the Google parent in an antitrust case, easing a major regulatory overhang for the tech giant.

The ruling by Judge Amit Mehta allows Google to retain control of its Chrome browser and Android mobile operating system, while barring certain exclusive contracts with device makers and browser developers.

source

Leave a Reply

Your email address will not be published. Required fields are marked *