Google to pay $700 million in settlement over antitrust Play Store dispute

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Google has agreed to pay $700 million and to allow greater competition in its Play Store to settle allegations that it had been stifling competition against its Android app store.

The company will pay $630 million into a settlement fund for consumers and $70 million into the funds that can be used by the states, as per the reports by Reuters, citing the terms of antitrust settlement with U.S. state and consumers. The settlement is yet to acquire approval from the judge.

The settlement also said eligible consumers will receive at least $2 and may receive additional payments based on their spending in the app store between August 16 2016 and September 30, 2023. The settlement has been joined by 50 states, Washington D.C., Puerto Rico, and the Virgin Islands.

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It has been alleged that tech giant has unlawfully overcharged consumers through distribution of apps on Android devices and unnecessary fees for in-app transactions. Google did not deny the allegations.

The settlement was announced by some states in September, but the terms of it were kept confidential ahead of Google’s related trial with video game maker Epic Games.