Magnite files lawsuit against Google

Magnite (MGNI) announced that it had filed a lawsuit in the U.S. District Court for the Eastern District of Virginia against Google (GOOGL) seeking financial damages and other remedies, in light of the April 2025 U.S. District Court’s ruling, which found Google had “willfully engaged in a series of anticompetitive acts to acquire and maintain monopoly power” in the ad exchange and ad server markets. “Magnite was founded to help publishers thrive by maximizing their advertising yield through innovative technology, trusted guidance, and a transparent marketplace that efficiently connects them to buyers,” said Michael Barrett, CEO of Magnite. “For years, Google undermined our ability to execute on this mission with practices that favored its own business over the health of the open web, causing harm to publishers, advertisers, and partners like us. We look forward to a future that promotes healthy competition, ongoing innovation, and value creation for the ecosystem as a whole.”