Thu, Nov 29, 2012 - Page 15 News List

Google reportedly opposes consent decree with FTC

Bloomberg

Google Inc is seeking to persuade the US Federal Trade Commission (FTC) it hasn’t broken antitrust laws and that any final agreement with the agency over its business practices shouldn’t be bound by a consent decree, three people familiar with the matter said.

CEO Larry Page met with FTC officials on Tuesday in Washington as the agency moves to wrap up its 19-month investigation of the company’s business practices, said one of the people familiar with the discussions.

Google has been engaged in settlement talks with the FTC for about a week, including an effort to define whether there’s a market where Google has a monopoly, one of the people said. The company is concerned that entering a formal settlement agreement with the agency may hurt its business prospects, said the people, who asked not to be identified because the negotiations aren’t public.

“We continue to work cooperatively with the Federal Trade Commission and are happy to answer any questions they may have,” Adam Kovacevich, a Google spokesman, said on in an e-mail.

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