Texas leads new antitrust lawsuit against Google targeting ad tech


Google is facing a new antitrust lawsuit from a group of state attorneys general led by Texas, this time targeting its advertising technology services and its 2007 acquisition of DoubleClick.

Several Republican-led states are also joining Texas in its new complaint.

The lawsuit follows a separate complaint from the Department of Justice claiming Google has illegally maintained a monopoly in online general search services by cutting off competitors from key distribution channels. Texas, which also joined ten other Republican state attorneys general in the DOJ suit, had led a large multi-state probe into Google’s ad tech business beginning last year.

A third antitrust lawsuit is expected to be filed against Google as soon as Thursday from another coalition of bipartisan state AGs, Politico reported on Tuesday. That suit is also expected to target Google’s search services, but focus on how its changing design has disadvantaged competitors, according to Politico.

This story is developing. Check back for updates.

-CNBC’s Ylan Mui contributed to this report.

Subscribe to CNBC on YouTube.

WATCH: Here’s why some experts are calling for a breakup of Big Tech after the House antitrust report

Source link

Next Post

Fed commits to keep buying bonds until the economy gets back to full employment

The Federal Reserve made a key adjustment to its efforts to support the economy, while upgrading its look for growth ahead. As expected, the Fed held benchmark interest rates near zero following the conclusion of its two-day meeting Wednesday. Investors were watching whether the Fed would outline outcomes-based guidance in […]
Fed commits to keep buying bonds until the economy gets back to full employment

Subscribe US Now