Google’s Chrome worth up to US$20bil if judge orders sale

PETALING JAYA: A man died in a fall from the 15th floor of a condominium here.

Google said in a blog post that if other companies owned Chrome, they wouldn’t have the incentive to invest as heavily in it or keep it free, and would likely have to change its business model. — Photo byAlphabet Inc.’s Chrome browser could go for as much as US$20bil if a judge agrees to a Justice Department proposal to sell the business, in what would be a historic crackdown on one of the world’s biggest tech companies.

Owning the world’s most popular web browser is key for Google’s ads business. The company is able to see activity from signed-in users, and use that data to more effectively target promotions, which generate the bulk of its revenue. Google has also been using Chrome to direct users to its flagship AI product, Gemini, which has the potential to evolve from an answer-bot to an assistant that follows users around the web.

The government has the option to decide whether a Chrome sale is necessary at a later date if some of the other aspects of the remedy do not create a more competitive market, the people added. The Chrome browser controls about 61% of the market in the US, according to StatCounter, a web traffic analytics service.

Google said in a blog post that if other companies owned Chrome, they wouldn’t have the incentive to invest as heavily in it or keep it free, and would likely have to change its business model.Mehta’s August ruling that Google broke antitrust laws in both online search and search text ads markets followed a 10-week trial last year. The company has said it plans to appeal.

Lawyers from the Justice Department and state attorneys general included all of those options in an initial filing in October, as well as a ban on the type of exclusive contracts that were at the center of the case against Google.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

staronline /  🏆 4. in MY

Technology

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Petaling Jaya cops get high-resolution drone worth RM60,000PETALING JAYA: Petaling Jaya police today received a high-resolution surveillance drone worth RM60,000 to enhance efficiency in crime prevention, fost...
Read more »

Polis Petaling Jaya terima dron beresolusi tinggi bernilai RM60,000PETALING JAYA: Ibu Pejabat Polis Daerah (IPD) Petaling Jaya hari ini menerima sebuah dron yang dilengkapi dengan keupayaan pengawasan beresolusi tingg...
Read more »

[Watch] Sri Petaling Hawker Caught Using Pole To Mix Chicken Feet For Wonton NoodlesThe restaurant subsequently issued an apology statement and temporarily suspended operations for investigation, promising to improve conditions to meet customer expectations.
Read more »

Almost 6,000 crows culled in Petaling Jaya over three yearsPUTRAJAYA: Graft investigators have searched the house of FashionValet founders Datin Vivy Yusof and Datuk Fadzaruddin Shah Anuar and frozen several of their accounts with RM1.1mil in funds.
Read more »

Four-year-old boy suspected of abuse by temporary guardian in Petaling JayaKUALA LUMPUR, Nov 11 — A four-year-old boy was injured after being suspected of being abused by his temporary guardian, who is a friend of the child’s mother, in Taman Desaria,...
Read more »

A must-try fried ‘chilli pan mee’ at Restoran 126 Kopitiam in Sri PetalingKUALA LUMPUR, Oct 25 — Going to school in Subang Jaya means I spent much of my adolescent years in SS15, hanging out with friends in pool halls and cyber cafes, living out our...
Read more »