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Benzinga

Anusuya Lahiri

Google Forges Agreements To Pay Over 300 News Publishers in EU

Google European Union Nasdaq Alphabet Inc France Germany Australia Austria Canada Hungary

Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google forged deals to pay over 300 publishers in Germany, France, and four other EU countries for their news, Reuters reports.
Google will also roll out a tool to make it easier for others to sign up.
The tool offers publishers an extended news preview agreement that allows Google to show snippets and thumbnails for a licensing fee.
So far, Google has acknowledged agreements that cover more than 300 national, local, and specialist news publications in Germany, Hungary, France, Austria, the Netherlands, and Ireland, with many more discussions ongoing.
Among Google's fiercest critics, news publishers have long urged governments to ensure online platforms pay fair remuneration for their content.
Australia and Canada introduced have similar legislation.
Price Action: GOOG shares traded higher by 1.67% at $2,330 in the premarket on the last check Wednesday.

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