Alphabet's (GOOG) Google Chief Executive Sundar Pichai said Wednesday in federal court that a US Department of Justice proposal that would force the tech giant to share search data with competitors would be a "de facto" divestiture of the company's search engine, Bloomberg reported.
Pichai's testimony came as part of a three-week trial seeking to determine how Google should restore online search competition after Judge Amit Mehta ruled last year that it had illegally maintained a monopoly on the market, according to the report.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price: 159.37, Change: -2.69, Percent Change: -1.66
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.