Google is paying a hefty price to make one of its biggest Play Store headaches go away.

Alphabet Inc., its parent company, reached a £260 million ($353 million) settlement to resolve a major class-action lawsuit brought on behalf of thousands of British app developers. The lawsuit alleged that Google exploited its dominance over Android devices to shut out alternative app distribution channels and levy “excessive and unfair” transaction commissions, often reaching 30%, on the Play Store.

The case was led by Barry Rodger, a competition law academic, and financed by litigation firm Bench Walk. It was slated to go before London’s Competition…

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