MILAN — Italian prosecutors said Wednesday that they will seek to drop a tax evasion investigation against Google after the tech giant agreed to pay a $340 million settlement.

Milan prosecutors had opened an investigation against Google for failure to pay taxes on earnings in Italy from 2015-2019. The investigation focused on revenues from the sale of advertising and cited the presence of Google’s servers and other infrastructure in Italy as the basis for having jurisdiction over the company.

Google acknowledged the settlement in a statement, saying it resolves “a tax audit ... without litigation.” The company previously paid more than $1 billion to French authorities to settle a yearslong dispute over allegations of tax fraud. — Associated Press