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Alphabet agrees to pay $353M to settle Play Store dominance lawsuit
The UK settlement comes after a claim that had sought more than £1 billion and was scheduled for trial at London’s Competition Appeal Tribunal.
Alphabet has agreed to pay £260 million, about $353 million, to settle a lawsuit alleging Google abused its dominance over the Play Store, including its standard 30% commission, according to Yahoo Finance.
The claim, led by academic Barry Rodger, had sought more than £1 billion and was due for trial next month at London’s Competition Appeal Tribunal, but Google settled without admitting liability, the outlet said.
The payout is small relative to Alphabet’s planned AI spending, with the company expecting to spend $195 billion to $205 billion on AI infrastructure this year, Yahoo Finance noted.
Alphabet also reported strong operating momentum, including $63.27 billion in Google Search revenue in the second quarter, up 16.7% year over year, and 82% growth in Google Cloud revenue to $24.8 billion, with operating income rising 30% and cash and marketable securities totaling $242.5 billion at end-June, the outlet added.