Google, Fb agreed to crew up towards potential antitrust motion
Sheryl Sandberg, Facebook Chief Operating Officer, speaks on stage during the Facebook session at the 2019 Cannes Lions: Day Three on June 19, 2019 in Cannes, France.
Richard Bord | Getty Images
Google and Facebook have pledged to help each other if they ever see an investigation into their online advertising cooperation pact, according to a Tuesday report in the Wall Street Journal.
The story is based on an unedited version of a lawsuit filed against Google last week by 10 US states that was seen by the Journal.
Google and Facebook reportedly entered into a deal in September 2018 in which Facebook agreed not to compete with Google’s online advertising tools. In return, the social media giant received “special treatment,” according to the Journal, for using it himself.
The lawsuit reportedly states that Google and Facebook knew their deal could lead to an antitrust investigation.
A Google spokesman told CNBC that the information provided in the lawsuit was inaccurate. “The idea that this was a secret agreement is just wrong. We have been public about this partnership for years,” they said.
Facebook did not immediately respond to CNBC’s request for comment.
Read the full history of the journal here.