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    GOOGL   US02079K3059

ALPHABET INC.

(GOOGL)
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Google wins some, loses some in global antitrust battles

04/19/2016 | 01:58pm EDT

FRANKFURT (Reuters) - For more than a decade, Internet search and advertising giant Google, now a unit of holding company Alphabet Inc (>> Alphabet Inc), has sparred with competitors in an expanding range of industries from Internet to media to telecoms to automobiles.

FRANKFURT (Reuters) - For more than a decade, Internet search and advertising giant Google, now a unit of holding company Alphabet Inc (>> Alphabet Inc), has sparred with competitors in an expanding range of industries from Internet to media to telecoms to automobiles.

It has also battled with judges and regulators.

After fending off charges of anti-competitive behaviour for many years, the Silicon Valley company has, since 2014, seen the tide swing against it in several antitrust cases worldwide.

On Tuesday, Canada's Competition Commission closed an inquiry into Google's search and advertising practices dating from 2013.

The European Competition Commission is expected on Wednesday to charge Google with anti-competitive charges concerning its Android mobile phone operating system, two people familiar with the matter said.

A timeline of Google competition cases follows:

2007 – USA - Competitors and consumer groups push U.S. Federal Trade Commission to investigate Google’s acquisition of online display advertising firm DoubleClick. FTC signs off on deal but warns it will monitor Google closely for anticompetitive practices. http://reut.rs/1SpRyoH

2008 - USA - Google and Yahoo abandon pact to run Google search ads on Yahoo sites after U.S. Justice Department moved to block deal saying the two competitors would dominate online ad market.

2009-2010 – EUROPE - Rivals and industry trade groups file complaints against Google to a variety of national regulators in Europe, citing competition concerns.

2010 – EUROPE - European Commission launches formal antitrust probe of Google search business, which continues. http://reut.rs/1Nz2yvq

2013 - USA - The FTC drops a two-year antitrust probe of Google, concluding it has not manipulated search results to hurt rivals. Google had to agree to certain changes in search business practices in local search, advertising and with regard to licensing patent portfolio to mobile phone makers. http://reut.rs/23VVYsx

2013 - SOUTH KOREA - Korean Fair Trade Commission clears Google after two-year antitrust inquiry brought by local search rivals NHN (now Naver (>> Naver Corp)) and Daum (now Kakao (>> Kakao Corp)), which dominate the country’s search market. The FTC finds the rival companies’ market share changed little despite Google’s pre-loading requirements for its apps on Android phones. Smartphone makers defend Google’s role in Android as saving them time and money.

2013 – BRAZIL - Brazilian antitrust watchdog CADE investigates whether Google unfairly scrapes the content from rival websites, discourages their advertisers and favours its own product listings in search results. http://reut.rs/1Vzfhqp

2013-2014 - EUROPE - Back and forth ensues between Google and EU over terms of a potential settlement that would have ended European Commission antitrust probe. Competitors complain Commission is letting off Google too easily. EU antitrust chief Joaquin Alumnia eventually admits resolution of Google search case unlikely before his term expires later in 2014. http://reut.rs/1NyZGyM

2014 – EUROPE - Mounting anti-Google feeling among European politicians is reflected in the passage of a symbolic, non-binding resolution calling for the break-up of Google’s search engine business from the rest of the company. The motion, which does not mention Google explicitly by name, passes with 384 in favour to 174 votes against. http://bit.ly/22Kpkrs

2015 – EUROPE - New EU Antitrust Chief Margrethe Vestager charges Google with distorting its search results to favour its own shopping service over rivals. European Commission also says it is investigating Google’s Android business, “scraping” on rival’s Web content and various advertising issues. http://reut.rs/1qVY5ya

2015 – INDIA - Competition Commission of India (CCI) concludes a three-year enquiry into Google’s paid search results. It accuses Google of abusing its dominant position in search in a report which has yet to be publicly released. CCI has received Google’s response but sets no timeline for a final decision. http://reut.rs/1NkjmLY

2015 – USA - The U.S. Federal Trade Commission opens a preliminary investigation into whether Google uses its Android operating system to dominate competitors as more consumers go mobile, sources told Reuters.

2015 - EUROPE - Russia’s anti-monopoly agency finds Google guilty of abusing its market position in the country by favouring its own apps on Android and requiring it to amend its contracts with smartphone makers. Google files a court appeal, which is rejected in March 2016. http://reut.rs/1RJLcxg

2016 - CANADA - The Competition Bureau closes a three-year long investigation into Google's online search business, saying it will take no action against the company. The Canadian watchdog says it found evidence to support one allegation that Google had made it hard for advertisers to compare Google ad rates to rivals, but says the company has already remedied the practice. http://reut.rs/1S8BkBr

2016 – EUROPE - European Competition Commission is expected on Wednesday to charge Google with favouring its own apps on Android phones, sources tell Reuters. http://reut.rs/1VxTAad http://reut.rs/23InDjY

(Sources: Reuters, European Commission, U.S. Federal Trade Commission, FairSearch lobbying group)

(Additional reporting by Diane Bartz in Washington D.C., Yun-chee Foo in Brussels, Vincent Lee in Seoul, Byron Kaye in Sydney and Himank Sharma in Mumbai; Editing by Susan Fenton)

By Eric Auchard

Stocks treated in this article : Kakao Corp, Naver Corp, Alphabet Inc

ę Reuters 2016
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.66% 2824.32 Delayed Quote.61.15%
EURO / BRAZILIAN REAL (EUR/BRL) -0.01% 6.2254 Delayed Quote.-2.20%
KAKAO CORP. -3.77% 115000 End-of-day quote.47.63%
NAVER CORPORATION -0.74% 400000 End-of-day quote.36.75%
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Financials (USD)
Sales 2021 251 B - -
Net income 2021 68 718 M - -
Net cash 2021 140 B - -
P/E ratio 2021 27,9x
Yield 2021 -
Capitalization 1 887 B 1 887 B -
EV / Sales 2021 6,97x
EV / Sales 2022 5,87x
Nbr of Employees 144 056
Free-Float 93,1%
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Number of Analysts 45
Last Close Price 2 824,32 $
Average target price 3 201,73 $
Spread / Average Target 13,4%
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Managers and Directors
Sundar Pichai Chief Executive Officer & Director
Ruth M. Porat Chief Financial Officer & Senior Vice President
John LeRoy Hennessy Chairman
Louis John Doerr Independent Director
Ann Mather Independent Director
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