Tim Sweeney Says They Have No 'Hard Feelings' Against Former Partner In Litigation Match Group
Portfolio Pulse from Ananya Gairola
Epic Games CEO Tim Sweeney expressed no hard feelings towards Match Group for withdrawing from their antitrust lawsuit against Google. Sweeney praised Match Group's past contributions and emphasized Epic's commitment to fighting for all developers. Google settled with Match Group, agreeing to implement 'user choice billing' and to pay back $40 million to Match Group.
December 13, 2023 | 10:35 am
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POSITIVE IMPACT
Match Group's settlement with Google includes a $40 million refund and the implementation of 'user choice billing'.
The settlement is likely to have a positive short-term impact on Match Group's stock as it not only receives a substantial refund but also gains more control over its payment systems, which could improve its profit margins and user experience.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
NEUTRAL IMPACT
Google settled with Match Group, allowing alternative payment systems and agreeing to a $40 million refund.
The settlement with Match Group may not significantly impact Google's stock in the short term as the financial implications are relatively small for a company of Google's size. However, the introduction of alternative payment systems could have longer-term implications for Google's revenue from the Play Store.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Google's settlement with Match Group, which includes a $40 million refund and changes to payment systems, may have minimal short-term impact on its stock.
Similar to GOOG, the settlement terms are not expected to have a significant short-term impact on Alphabet's stock price. The financial terms are manageable for Alphabet, and the operational changes are not immediate threats to its business model.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70