Justice Department unlikely to accept Alphabet's concessions to avoid antitrust lawsuit: report
The Justice Department will likely reject Alphabet Inc.'s concessions to avoid an antitrust lawsuit over its dominant online-ads business, a Bloomberg report said Thursday. "We have been engaging constructively with regulators to address their concerns. As we've said before, we have no plans to sell or exit this business, and we're deeply committed to providing value to a wide array of publisher and advertiser partners in a highly competitive sector," a Google spokesperson said in a statement to MarketWatch. "Rigorous competition in ad technology has made online ads more relevant, reduced fees, and expanded options for publishers and advertisers."
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.