by Christopher Freeburn | December 17, 2012 3:36 pm
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.
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.
Source URL: http://investorplace.com/2012/12/google-shares-rise-as-ftc-probe-nears-end/
Short URL: http://invstplc.com/1foon1A
Copyright ©2015 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.