According to foreign media, Google has reached a settlement with state prosecutors over hiring outside consultants to participate in state antitrust investigations.The settlement means that potential obstacles to state investigations could be temporarily removed, and it would allow the attorney general to continue to penetrate Google's business. ԡԡ and delaying the investigation may prevent states from finding important information about Google's competitive behavior.
Although antitrust investigations are notoriously slow and evidence intensive, the rapid pace of change in the technology industry requires investigators to act quickly in order to implement them before the target company can take relevant remedial measures.
Texas is the leading state, and its investigation into Google's digital advertising business has the support of attorneys general of 49 Other States. In addition, it is said that the survey has extended to other areas of Google's business, including search and Android.
Last October, Google asked Texas attorney general Ken Paxton not to share confidential business information with outside consultants. A source told CNBC that the settlement, which is still pending in the Texas court, will allow consultants to continue to advise states on their investigations but at the same time require them to impose certain confidentiality restrictions.
States will still be able to challenge Google's designation as confidential or trade secret in the agreement and use third-party providers such as the document review platform to assist in the investigation.
The Texas attorney general's office did not respond to the settlement.