Google facing wide-ranging US antitrust probe: WSJ |
| AFP - Jun 23, 2011 |
The US Federal Trade Commission is poised to open a formal antitrust probe into whether Internet search giant Google has abused its dominance on the Web, The Wall Street Journal reported Thursday.
The newspaper, citing "people familiar with the matter," said the FTC is preparing to serve Google with civil subpoenas "signaling the start of a wide-ranging, formal antitrust investigation."
The Journal said the five-member commission will send Google the formal demands for information "within days" and other companies were likely to receive requests for information about their dealings with Google.
The FTC declined to comment on the report and there was no immediate response to a request for comment from the Mountain View, California-based Google.
Google, which controls around 65 percent of the lucrative US Internet search market, has been the target of numerous antitrust investigations by the FTC and the US Department of Justice in recent years.
Read Full Article from AFP
- Posted: 2011-06-23 12:32:25
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