Reported about 1 year ago
Alphabet Inc. CEO Sundar Pichai testified in the Ozy Media Inc. fraud trial, denying that Google ever intended to purchase the startup for hundreds of millions of dollars. Co-founder Carlos Watson is accused of defrauding investors by falsely claiming that Google had offered to buy Ozy. Pichai clarified that Google considered hiring Watson but never discussed acquiring the company, with a potential $25 million investment being part of the hiring deal. The trial revealed details of a scheme involving fabricated business success claims by Ozy that led to its collapse after a New York Times report in 2021.
Source: YAHOO