Apple (AAPL) rallies after fiscal Q3 earnings beat >>> READ MORE

Google Shares Rise as FTC Probe Nears End

It will voluntarily change some operating practices

   

Google (NASDAQ:GOOG) is close to negotiating a settlement of an antitrust investigation sent its share climbing more than 2% in Monday afternoon trading.

Unnamed sources say that the Federal Trade Commission (FTC) will end its two-year investigation of the Internet search giant with a agreement that allows Google to make voluntary changes to its advertising and review policies, Politico notes.

Google Maps Finally Available for iPhone
Google Maps Finally Available for iPhone

Under terms of the deal, Google will allow search advertising campaigns to be transferable to competing search engines and will reduce its own use of business reviews taken from other websites.

Additionally, the FTC will settle an investigation over Google’s acquisition of patents  through its 2011 purchase of Motorola Mobility. Under that agreement, Google will restrict its use of those patents in infringement litigation against rivals.

Motorola Mobility and Apple (NASDAQ:AAPL) have traded patent infringement lawsuits in recent years.

Neither the FTC nor Google would issue a comment to Politico regarding reports of the settlements.


Article printed from InvestorPlace Media, http://investorplace.com/2012/12/google-shares-rise-as-ftc-probe-nears-end/.

©2016 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.