tiprankstipranks
Google’s Chrome could be worth up to $20B if sale ordered, Bloomberg reports
The Fly

Google’s Chrome could be worth up to $20B if sale ordered, Bloomberg reports

Google’s Chrome browser could be worth as much as $20B if the Justice Department succeeds in convincing a federal judge to order divestment, Bloomberg’s Leah Nylen and Josh Sisco report. The DOJ will recommend in a Wednesday filing that U.S. District Judge Amit Mehta order Chrome to be sold as part of a suite of changes aimed at ending Google’s monopoly power, according to sources familiar with the matter. Should a sale proceed, Chrome would be worth “at least $15B-$20B, given it has over 3 billion monthly active users,” said Bloomberg Intelligence analyst Mandeep Singh.

Don't Miss Our Christmas Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App