China is dropping an antitrust probe into Google (GOOGL), which centered on the dominance of the company’s Android operating system and its impact on Chinese phone makers that use the software, Cheng Leng, Zijing Wu, and Eleanor Olcott of The Financial Times reports, citing two people briefed on the decision. The decision displays a tactical recalibration by Beijing, which is now focusing its regulatory firepower on Nvidia (NVDA) as a point of leverage in trade discussions with U.S., two people told the Times.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GOOG:
- Alphabet price target raised to $290 from $250 at Citizens JMP
- DA Davidson technology analysts hold an analyst/industry conference call
- Morning News Wrap-Up: Thursday’s Biggest Stock Market Stories!
- Google (GOOGL) and DOJ File Remedy Proposals for Search Antitrust Case
- Google pact won’t move needle for PayPal near-term, says Morgan Stanley