"Nearly five years after the Department of Justice filed an antitrust suit against Google, a district judge on Tuesday ruled that Google won't have to divest its Chrome or YouTube businesses. Instead, District Judge Amit Mehta's ruling said that Google will be barred from entering exclusive contracts with partners such as Apple to give its search engine priority, and it will be forced to share some data with rivals."
""The judge's decision largely surrounded opening up portions of Google's search technology to competitors rather than trying to disrupt its distribution framework (ie divesting Chrome) which seemed like the more adverse risk to us," RBC Capital analysts led by Brad Erickson wrote in a note on Tuesday. "The path for compounding earnings growth along with multiple expansion hasn't looked this clear in some time," the RBC analysts added."
Nearly five years after the Department of Justice filed an antitrust suit, a district judge ruled that Google will not be required to divest Chrome or YouTube. The ruling bars Google from entering exclusive contracts with partners such as Apple to give its search engine priority and requires Google to share some data with rivals. Google’s stock jumped 6.7% in after-hours trading following the decision. Analysts described the ruling as benign and said it removed a significant overhang on the stock. RBC raised its price target from $220 to $260, and Wedbush called the outcome broadly favorable.
Read at Business Insider
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