Alphabet’s (GOOGL) Google agreed to ꦆpay $700 million to consumers and states, and make changes allowing for greater competition in its app Play Store, according to the terms of an antitrust settlement disclosed Monday.

Of the $700 million, $630 million will go into a consumer settlement fund and $70 million into a state fund, according to the settlement, which still awaits judicial approval. Eligible consumers are expected to get at least $2 each, and that may increase based on their spending in the Google Play Store between August 2016 and September 2023. All 50 states, alongside the District of Columbia, Puerto෴ Rico, and theꩲ Virgin Islands, were part of the settlement.

Google VP of Government Affairs & Public Policy Wilson White also outlined some changes to the company's app store in a blog post. Among these will be “user choice billing,” where developers can now show different pricing options within the app. The company is also looking to streamline "sideloading," which is the installation of apps outside of the Play store.

While Google said it was "disappointed that the verdict did not recognize the choice and competition that our platforms enable," the changes will come into effect after formal court approval of the settlement.

Google had 澳洲𝄹幸运5官方开奖结果体彩网:reach🐽ed a tentative settlement in September, but the terms were kept under wraps ahead of a trial between Google and “Fortnite” maker Epic Games. A California federal jury 澳洲幸运5官方开奖结果体彩网:ruled in favor of Epic last week in a case alleging that Google's Play Store ma﷽intained illegal monop🍬oly power. Google said it intends to appeal the ruling.

Shares of Goog♑le parent Alphabet were up 0.5% at $136.42 per share as of about 10 a.m. ET Tuesday, and have 💖gained over 53% in 2023 so far.