Google is considering turning over some of its ad-driven businesses to parent Alphabet to avoid being forced to split up by regulators.
, a Google spokesman wrote,"We have been engaging constructively with regulators to address their concerns. As we've said before, we have no plans to sell or exit this business, and we're deeply committed to providing value to a wide array of publisher and advertiser partners in a highly competitive sector."
Google revealed strong first quarter ad revenue of $54.7 billion compared to the $44.7 billion it collected during the year-ago quarter. That works out to a 22.4% increase for Google during the first three months of this year.The Justice Department has reportedly been working on a lawsuit that would charge Google with using anticompetitive business practices. The suit could be filed as soon as this summer.
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