On Thursday, the European Parliament may vote on a proposal for the division of Google (NASDAQ:GOOGL) and several other search companies, which greatly increase pressure on the European Internet industry.
The journalists of "Birzhevoi Lider" have already informed that the main European legislature has no legitimate rights to unauthorized separation of commercial enterprises. But successful voting only reinforces the fact that local politicians are not willing to put up with the dominance of American companies in the Internet industry. Also, this solution allows antimonopoly authorities to use new methods of pressure on Google and other search engines.
Last week, MEPs Andreas Schwab and Roman Tremoza told the press about the draft resolution, which stated that the separation of the search engines from other commercial services that guarantee fair competition in Europe.
Conservatives, liberals and socialists soon should give a joint statement and vote on it. The idea of voting is disputed by some European political figures. It emphasized the fact that, in case of a positive result, pressure on market will be increased. But it won’t bring positive changes.
Google settled relationship with Rockstar
Referring to the public court document, Reuters reported that the search engine giant has settled a patent dispute with Rockstar consortium, founded by Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), BlackBerry (TO:BB), Ericsson (NASDAQ:ERIC) and Sony (NYSE:SNE).
On November 19, Rockstar informed the court about the settlement of the conflict with Google, but the document indicated that the parties reached an agreement on all issues which concerned a dispute on November 12.
It is known that Rockstar consortium was created in 2011 to buy the bankrupt Nortel Network Corp. patents. Nortel consortium paid $ 4.5 billion dollars for 6,000 patents, leaving no chance to Google, whose initial proposal for patents package amounted to only 900 million dollars. Apple paid the amount for Rockstar - about 2.6 billion dollars.
Today, Google shares rose by 1.75% by the middle of the day and remained at 549.23 dollars, stated Nord FX analysts.
The experts of Masterforex-V World Academy will keep you informed of the latest news from the market. So, all the novelties from the company in any field always can be found on our web-site.