03:18 PM EDT, 08/05/2024 (MT Newswires) -- (Corrects the day of reporting in the first paragraph.)

The payments Alphabet's (GOOG) Google ( GOOG ) makes to make its search engine the default on smartphone web browsers violates US law, Bloomberg reported Monday, citing the ruling from Judge Amit Mehta for the US District Court for the District of Columbia.

The decision marks a critical victory for the Department of Justice, which argued that Google's ( GOOG ) $26 billion payments effectively prevented competition from succeeding, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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