A U.S. judge has ordered Alphabet’s Google to overhaul its mobile app business to provide more options for Android users to download apps and pay for transactions, following a jury verdict favoring Epic Games. The ruling mandates Google to allow third-party app stores and payment methods for three years while prohibiting exclusive payments to device makers for preinstalling Google Play. Google plans to pause the verdict and is seeking a pause on the order pending the appeal. Alphabet shares fell over 2% after the ruling.
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00:00It's Benzinga, and here's what's on the block.
00:02A U.S. judge has ordered Alphabet's Google to overhaul its mobile app business to provide
00:07more options for Android users to download apps and pay for transactions, following a
00:12jury verdict favoring Epic Games.
00:14The ruling mandates Google to allow third-party app stores and payment methods for three years
00:19while prohibiting exclusive payments to device makers for pre-installing Google Play.
00:24Google plans to appeal the verdict and is seeking a pause on the order pending the appeal.
00:29Alphabet shares fell over 2 percent after the ruling.
00:32For all things money, visit Benzinga.com.