Google To Pay $700 Million To Consumers, US States In Antitrust Settlement

Google will pay $630 million into a settlement fund for consumers and $70 million into a fund that will be used by states, the company said in a statement.

Alphabet's Google has agreed to pay $700 million and to allow for greater competition in its Play app store, according to the terms of an antitrust settlement with U.S. states and consumers disclosed on Monday in a San Francisco federal court.

Google will pay $630 million into a settlement fund for consumers and $70 million into a fund that will be used by states, the company said in a statement.

Google was accused of overcharging consumers through unlawful restrictions on the distribution of apps on Android devices and unnecessary fees for in-app transactions. It did not admit wrongdoing.