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google inc-cl c (GOOG) Key Developments

Google Inc. Appoints Alan Mulally to Board of Directors

Google Inc. announced it has appointed Alan Mulally to its Board of Directors. Mulally will serve on Googles Audit Committee. His appointment was effective July 9, 2014. Mr. Mulally served as President and Chief Executive Officer of Ford Motor Company, a global automotive company, from September 2006 through June 2014. Mulally was previously a member of the board of directors of Ford and served on its finance committee from September 2006 through June 2014. He is a member of the U.S. National Academy of Engineering and a fellow of Englands Royal Academy of Engineering.

Google Teams Up with Softcard to Ramp Up its Efforts to Counter Apple Pay in the Emerging Sector

Google announced that it was teaming up with Softcard to ramp up its efforts to counter Apple Pay in the emerging sector. Google Wallet would become a pre-installed 'tap to pay' app on Android smartphones sold in the US market by AT&T, T-Mobile and Verizon, as part of the deal with the carriers' mobile payments company Softcard. The move gives Google and its large base of Android smartphones a stronger position to challenge Apple Pay, the mobile payments system introduced on the latest iPhones last year.

Google In Talks To Acquire Mobile Payments Wallet From AT&T, Verizon And T-Mobile

Google Inc. (NasdaqGS:GOOGL) is seeking acquisition of mobile payments wallet from AT&T, Inc. (NYSE:T), Verizon Communications Inc. (NYSE:VZ) and T-Mobile US, Inc. (NYSE:TMUS). Google is now in exclusive talks to mobile payments wallet acquire it as a key component of the revived Google Wallet, the WSJ said.

Google Reportedly May Acquire Baidu

Shares of Baidu, Inc. (NasdaqGS:BIDU) are moving higher amid renewed speculation that Google Inc. (NasdaqGS:GOOGL) may acquire Baidu.

California Court Rejects Two Class-Action Suits Against Google

A California court February 20, 2015 threw out two class-action lawsuits accusing Google of bad business behaviour, on grounds that the plaintiffs failed to provide sufficient evidence to support their claims. The first of the two suits, filed by law firm Hagens Berman in May 2014, alleged that Google's policy of requiring Android phone makers to bundle its own suite of applications on their devices had 'financially and creatively stagnated' the market for mobile internet and search. According to the suit, consumers had been paying too much for their mobile phones. However, in December, US district judge of the Northern District of California described the claimed damages as 'speculative' and 'concerning'. Later arguments before the court failed to cut ice with US district judge, who dismissed the suit, ruling that the plaintiffs could not demonstrate a direct link between Google's alleged anti-competitive conduct in the mobile search market and the prices of phones. The Russian search engine claimed that Google locked device makers into Google's app store and in order to install Google Play, device makers needed to preinstall the entire suite of Google Mobile Services, including Google Search, Google Maps, Gmail and other Google apps. Furthermore, it alleged Google blocked rival apps from being installed on Android devices, Yandex claimed and cited by way of example, its smartphone vendor partners - Prestigio, Fly and Explay claiming last year that they were no longer able to preinstall Yandex services on their Android devices due to Google's policy.

 

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TEV/Sales 1.8x
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