Google Concedes Key Issues on Google Play Policies; Match Group Withdraws Temporary Restraining Order in Response to Concessions.
Temporary agreement prevents Google from
DALLAS, May 20, 2022 /PRNewswire/ -- Match Group (NASDAQ: MTCH) today announced it has withdrawn its request for a temporary restraining order against Google, after Google made various concessions that Match Group demanded to benefit consumers. Those include guaranteeing that Match Group apps will still be allowed to offer users choice in payment systems, lessening the undue burden on developers by its previously stated policy, and eliminating Google's complete control over user data. In exchange for withdrawing the temporary restraining order, Google has conceded the following:
Match Group believes that Google's behavior will be found to be anticompetitive, in violation of federal and state antitrust laws, and the funds in the escrow account will be returned to Match Group for reinvestment in the business and benefit of consumers.
About Match Group
Match Group, Inc. (NASDAQ: MTCH), through its portfolio companies, is a leading provider of digital technologies designed to help people make meaningful connections. Our global portfolio of brands includes Tinder®, Match®, Hinge®, Meetic®, OkCupid®, Pairs™, PlentyOfFish®, OurTime®, Azar®, Hakuna Live™, and more, each built to increase our users' likelihood of connecting with others. Through our trusted brands, we provide tailored services to meet the varying preferences of our users. Our services are available in over 40 languages to our users all over the world.
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SOURCE Match Group