Match Group's lawsuit against Google is still ongoing. But, since its apps, such as Hinge and Tinder, could be affected by the issue, the two companies decided to have a temporary agreement.
This deal will allow Tinder, Hinge, and other Match Group-owned apps to remain on Google Play Store while using its own in-app payment systems.
"As part of this arrangement, Match Group plans to put up to $40 million into an escrow account, instead of paying Google directly for billing transactions that occur on Android outside of Google Play Billing," said Match Group via its official announcement.
Match Group x Google Temporary Agreement
According to Engadget's latest report, Match Group announced that it won concessions from Google during the ongoing antitrust lawsuit.
Also Read : Google's 2022 Diversity Report Sees Largest Increase of Black, Latinx Representation in the US
Tinder's owner filed the agreement order a day after it sued the company. The issue started after Match Group claimed that Google had antitrust violations.
The app company decided to sue the search engine giant after it announced requiring all Android app developers to process payments involving digital services and goods via the Play Store's official billing system.
This change is expected to be implemented before 2022 ends. But, Match Group's CEO Shar Dubey said that the lawsuit they filed against Google is their last resort to prevent the upcoming in-app payment change.
Temporary Agreement's Benefits
Match Group said that the temporary agreement would offer various benefits for their apps during the ongoing lawsuit. One of these is that Tinder and Hinge will remain on the Google Play Store.
The new deal will also allow Match Groups' apps to have their own billing systems. Aside from these two benefits, Google must approve all the updates that the app company will release.
If you want to see further details about the latest agreement between Match Group and Google, you can visit this link.
Recently, Google and other tech firms decided to invest around $30 million to reinforce open source software security.
On the other hand, Google's Raxium acquisition was finally completed.
For more news updates about Match Group and Google, always keep your tabs open here at TechTimes.
Related Article : Epic Games-Owned Music App To Remain on Google Play Store While Antitrust Lawsuit Takes Place
This article is owned by TechTimes
Written by: Griffin Davis
