Google's Payments to Apple Reached $20 Billion in 2022, Antitrust Court Documents Show [Yahoo! Finance Canada]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: Yahoo! Finance Canada
newly unsealed court documents in the Justice Department's antitrust lawsuit against Google. Most Read from Bloomberg The deal between the two tech giants is at the heart of the landmark case, in which antitrust enforcers allege Google has illegally monopolized the market for online search and related advertising. The Justice Department and Google will offer closing arguments in the case Thursday and Friday, with a decision expected later this year. ADVERTISEMENT Google and Apple had hoped to shield the payment amount from public disclosure. At the trial last fall, Apple executives testified that Google paid “billions,” without specifying a number. A Google witness later accidentally disclosed that Google pays 36% of the revenue it earns from search ads to Apple. Court documents filed late Tuesday ahead of the closing arguments mark the first public confirmation of the figures by Apple's senior vice president of services, Eddy Cue. Such numbers aren't disclosed by either com
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GOOG
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- 4/25/24 - Beat
GOOG
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- 5/15/24 - Form 4
- 5/15/24 - Form 144
- 5/15/24 - Form 144
- GOOG's page on the SEC website