TECH - How Much Is Google Really Paying Apple To Be Default Search Engine On iOS? Unsealed Court Papers Reveal $20B Figure For First Time | Benzinga
The antitrust lawsuit against Google‘s parent company, Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) has revealed that the company paid Apple Inc. (NASDAQ:AAPL) a staggering $20 billion in 2022 for Google to be the default search engine in the Safari browser.
What Happened: The payment details were disclosed in court documents that were unsealed on Tuesday, Bloomberg reported. This deal is a central point in the antitrust case, with regulators alleging that Google has unlawfully monopolized the online search and related advertising market.
The Justice Department and Google are scheduled to present their closing arguments in the case on Thursday and Friday, with a ruling expected later this year.
The payment amount had been kept confidential by both companies, with Apple executives testifying last fall that Google paid “billions” without ...