Google, Facebook agreed to team up against possible antitrust action, draft lawsuit says

Platform News: Facebook on a smartphone

Facebook and Alphabet Inc’s Google agreed to “cooperate and assist one another” in case of an investigation into their pact to work together in online advertising, the Wall Street Journal has reported.

The WSJ report cited an unredacted version of a lawsuit filed by 10 countries against Google last week.

The nations had accused Google of working with Facebook within an unlawful manner that violated antitrust law to improve its already-dominant online advertising business.

According to the report, the lawsuit said that Google and Facebook were aware that their arrangement could trigger antitrust investigations and discussed how to cope with them.

A Google spokesperson told the Journal that such agreements over antitrust threats are incredibly common.

The unredacted draft edition of the lawsuit, which the Journal stated it assessed, also stated that Facebook’s Chief Operating Officer Sheryl Sandberg signed the deal with Google.

The draft version additionally cites an email in which Sandberg told Facebook CEO Mark Zuckerberg and other executives that “this is a big deal strategically,” the report said.

Facebook did not immediately respond to a Reuters petition for comment.

The team at Platform Executive hope you have enjoyed this news article. Initial reporting via our official content partners at Thomson Reuters. Reporting by Ann Maria Shibu and Shubham Kalia in Bengaluru. Editing by Aditya Soni.

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