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letter The company’s shares fell 6% on Thursday after news that the Justice Department asked Google to spin off its Chrome browser to end its search monopoly.
According to the Justice Department in its report, the proposed spin-off would Archived on Wednesday“permanently blocks Google’s control of this critical search access point and allows rival search engines to gain access to the browser, which is the gateway to the Internet for many users.”
The development is the latest in a years-long bipartisan antitrust case that found in an August ruling that the search giant held an illegal monopoly in search and text advertising that violated the Sherman Section 2 of the Act.
A potential breakup would include preventing Google from striking exclusivity deals with rivals such as Apple and Samsung as part of a decade-long series of remedies.
CNBC’s Jennifer Elias contributed to this report.
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