by Christopher Freeburn | January 4, 2013 11:13 am
Federal regulators have cleared Google (NASDAQ:GOOG) of antitrust violations relating to its Internet search engine results.
On Thursday, the Federal Trade Commission (FTC) voted unanimously to terminate its two-year investigation regarding Google’s display of search results without charging it with any wrongdoing, The New York Times noted.
The FTC said that while not every aspect of Google’s search engine results benefited consumers, it hadn’t uncovered any practices that would have permitted the agency to mount a legal challenge.
Google did agree to make “some minor changes” to its search advertising practices, the FTC said. However, no formal consent decree was issued. Reports that Google would settle the antitrust investigation by making small changes to its search advertising practices emerged last month.
With the FTC decision, Google will avoid the sort of expensive antitrust legal struggle that dogged Microsoft (NASDAQ:MSFT) a decade ago. But Google still faces scrutiny in Europe over the way it delivers search results.
Last month, Google announced that it will sell Motorola Mobility’s TV set-top box business to Arris Group (NASDAQ:ARRS) in a deal worth $2.35 billion.
Shares of Google rose more than 1% in Friday morning trading.
Source URL: http://investorplace.com/2013/01/ftc-google-isnt-abusing-its-search-powers/
Short URL: http://invstplc.com/1nyN9ke
Copyright ©2014 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.