A federal judge ruled that Google unlawfully sustains a monopoly in online search and advertising. A remedy decision regarding Chrome's potential sale is imminent. Chrome, the leading web browser, is integral for distributing Google services and collecting user data. Analysts predict a substantial stock decline for Google if forced to divest Chrome. Google disputes monopolistic claims, arguing that selling the browser could threaten security for users. Competitors, including Search.com, have shown strong interest in acquiring Chrome with significant bids.
Search.com, an AI search chat platform, confirmed to Business Insider that it made a $35 billion bid for Chrome this week.
Analysts at Barclays said such an action could be a black swan scenario for Google stock, sparking an estimated 15% to 25% decline.
Google denies it's a monopoly. It said in a blog post in May that offloading the web browser to another party could render it 'obsolete' and 'expose billions of people to cyber-attacks.'
A second ruling in April found Google also monopolized open-web digital ad markets.
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