Relief for Google as FTC decision postponed by a year-GOOG

by Darcie | Thursday, Dec 20, 2012 | 409 views

The final decision of the Federal Trade Commission of the United States, on resolution of the antitrust exploration of Google Inc. (NASDAQ:GOOG) is deferred till the next year. This has been advised by a source that is aware of the situation but since the information is not yet shared with the public, their names have not been disclosed. It is around 20 months that the Federal Trade Commission has been investigating the same. The result of the investigation was expected to be proclaimed this week.

A letter has been drafted by Google Inc. (NASDAQ:GOOG) with deliberate concessions to close the investigations done by the agency on its Internet search market practices without an official lawsuit. The agency was also undertaking the arrangement of filing a decree of consent on patents restricting the capability of Google Inc. (NASDAQ:GOOG) to request orders by court barring the products by competitors in the cases where the company has consented for the technology to be licensed on rational terms.

To resolve the Internet search engine investigation and to acknowledge a decree of consent on essential and standard patents, a vote of majority of five from the commissioners of the agency is mandatory.

There was a lot of criticism noticed on the idea of closure of investigation by FTC without an official settlement procedure. Google Inc. (NASDAQ:GOOG) has been putting in efforts from about two weeks in its settlement talks with FTC. The offer on the settlement is expected in January from Google Inc. (NASDAQ:GOOG) on the claims that there is discrimination effected by the largest search engine – Google Inc. (NASDAQ:GOOG) against its competitors.

Shares of Google Inc. (NASDAQ:GOOG) were down by 0.13% to close at $720.11

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