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Alphabet Rises After Receiving EU Antitrust Investigation Extension

Alphabet now has until Nov 3 to furnish EU investigators with a response to antitrust allegations.
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Shares of Alphabet (GOOGL) - Get Report got a boost Monday after the company was given an extra week to formally respond to European Commission allegations that it was illegally blocking online search advertisements from rivals. The deadline has now been extended to Nov. 3 from its original date of Oct. 26. The EU has heavily scrutinized Alphabet's operations on the continent for years and this most recent investigation, which was announced in July, is the third different antitrust accusation the European Commission has levied against the company. Alphabet is scheduled to release its latest quarterly results on Thursday.

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