Alphabet’s Google to pay $700 million and revamp its Play app store in antitrust settlement

Alphabet’s Google will pay $700 million and revamp its Play app store to allow for greater competition as part of an antitrust settlement with US states and consumers, according to the company and filings in San Francisco federal court on Monday.

Google will pay $630 million into a settlement fund for consumers and $70 million into a fund that will be used by states, according to the settlement, which still requires a judge’s final approval.

The settlement said eligible consumers will receive at least $2 and may get additional payments based on their spending on Google Play between August 16, 2016 and September 30, 2023.