Google Agrees to Pay $700 Million in Antitrust Settlement With US States

Google Agrees to Pay $700 Million in Antitrust Settlement With US States

Google said on Monday that it would pay $700 million to settle a lawsuit filed by a group of U.S. states that accused the internet giant of running a monopoly on its Play Store to inflate prices for paid apps.

The company agreed to pay $630 million into a settlement fund for consumers and $70 million into a fund that will be used by the states, according to the settlement, which still requires a court’s final approval.

The settlement said that 102 million eligible consumers across 50 states will receive at least $2 and may get additional payments based on their spending on Google Play between Aug. 16, 2016 and Sept. 30, 2023.

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