The Federal Trade Commission just announced that it will be holding a press conference later today to discuss the bureau's investigation into Google.
Specifically, the FTC describes that the investigation relates to charges of "alleged anticompetitive conduct" at "one of the largest technology companies in the world." This is essentially in reference to the core of Google's business -- search -- which is integrated thoroughly into the Mountain View, Calif.-based corporation's vast portfolio of products.
To recall, up until now, it has been said that both the FTC and the European Commission have been delaying any formal decision in their respective Google/antitrust investigations.
Back in October, it was reported that the FTC was close, but it was basically the same story through November into December. Bloomberg also reported in November that the FTC was pressing the Internet giant with an "ultimatum" that consisted of the following two options: settle with the agency now or wait for the inevitable lawsuit.
FTC Chairman Jon Leibowitz will be leading today's announcement alongside Bureau of Competition Director Richard Feinstein and Deputy Director Pete Levitas, as well as Bureau of Economics Director Howard Shelanski.
Scheduled to begin at 1:00PM EST/10:00AM PST, the announcement is being held at the FTC Headquarters in Washington D.C. The event will be webcast live.
Check back soon on ZDNet for further coverage of the FTC's announcement.