Sunday, July 27, 2014

Sergey Brin and Larry Page to undergo FTC antitrust probe

The Google Empire has grown so much that the Federal Trade Commission is stepping in to try to slow it down. Next up on the FTCs agenda are, according to Bloomberg.com, probing sessions for Sergey Brin (co-founder of Google) and Larry Page (CEO of Google).

(Left: Brin, Right: Page)

Suspicion of Google’s unfair advertisement practice in its search engine will be the FTC’s target in the upcoming disposition. Google announced that the FTC had begun a review of their business practice on June 24th last year, and the FTC announced that it hope to finish its investigation by the end of this year.

Google’s big-wigs are not riding the hope that the FTC won’t sue them, and they have opted to hire Williams & Connolly LLP as counsel for their upcoming interview. William & Connolly LLP have represented some major figures such as Bill Clinton and Edward Kennedy, so it seems like Google’s execs are getting ready for a possibility of an antitrust suit.

Jill Hazelbacker, spokeswoman for Google, says that Google has no intention of not cooperating with the FTC’s investigation. “We are happy to explain our business to regulators and answer any questions they may have,” she says.

The question still remains, has the FTC gathered enough evidence to file an antitrust suit against one of the wealthiest company in history?

Source: Bloomberg.com



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