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ALPHABET INC.

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Google in talks with publishers to pay for premium news content: WSJ

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02/14/2020 | 04:03pm EST
A man walks past the brand logo of Alphabet Inc's Google outside its office in Beijing

Alphabet Inc's Google is in talks with publishers on paying a licensing fee for content that would be packaged in a premium news product, the Wall Street Journal reported https://www.wsj.com/articles/google-in-talks-to-pay-publishers-for-content-in-premium-news-product-11581689169, citing people familiar with the matter.

A source close to Google confirmed the talks were still in early stages and that there was nothing to announce for now.

"(We) are talking with partners and looking at more ways to expand our ongoing work with publishers, building on programmes like our Google News Initiative," Richard Gingras, vice president of News at Google, said in a statement on Friday.

The tech giant launched Google News Initiative in 2018 as a way to weed out fake news during breaking news situations.

Most of the publishers in talks with Google are outside the United States, including in France and Europe, the Journal reported.

(Reporting by Supantha Mukherjee and Akanksha Rana in Bengaluru; Editing by Anil D'Silva)

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Financials (USD)
Sales 2020 191 B
EBIT 2020 41 532 M
Net income 2020 37 214 M
Finance 2020 134 B
Yield 2020 -
P/E ratio 2020 25,8x
P/E ratio 2021 22,2x
EV / Sales2020 4,42x
EV / Sales2021 3,65x
Capitalization 976 B
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Technical analysis trends ALPHABET INC.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 47
Average target price 1 596,67  $
Last Close Price 1 386,32  $
Spread / Highest target 29,8%
Spread / Average Target 15,2%
Spread / Lowest Target -8,39%
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Managers
NameTitle
Sundar Pichai Chief Executive Officer & Director
John LeRoy Hennessy Chairman
Ruth M. Porat Chief Financial Officer & Senior Vice President
Lawrence E. Page Director
Sergey Mikhaylovich Brin Director
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