Google (GOOGL) have reached a comprehensive settlement with Epic Games over Epic’s 2020 antitrust lawsuit, with Android and Google Play changes to expand competition and choice, pending a U.S. judge’s approval, Reuters’ Mike Scarcella reports. Under the proposal, Google would allow users to more easily download and install third-party app stores that meet new security and safety standards and developers will also be allowed to direct users to alternative payment methods both within apps and via external web links. Google will also implement a capped service fee of either 9% or 20% on transactions in Play-distributed apps that use alternative payment options, with the caps applying to apps first installed or updated from Google Play after October 30. Investors in Epic include Tencent (TCEHY), KKR (KKR), Disney (DIS), and Sony (SONY).
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