Google Seals Takeover Of Looker After UK Green Light

Home » Google Seals Takeover Of Looker After UK Green Light

On Thursday, Alphabet-owned Google announced that it has completed its $2.6 billion buyouts of privately held big-data analytics firm Looker Data Sciences after winning clearance from Britain’s competition watchdog.

Google announced the cash deal in June, the first major acquisition for its new cloud business CEO Thomas Kurian. The deal aims to build upon the success of Google Cloud’s BigQuery, a tool for managing large datasets.

Looker’s tool allows analysts and other workers to determine calculations for items such as revenue or high-value customers and then visualize trends in their data without writing complicated scripts.

The Competition and Markets Authority mentioned that its probe found the deal would not adversely impact the quality of service or competition in the market for data analytics tools and software.

The Competition and Markets Authority added that the deal was unlikely to lead to increased prices or lower quality as the two are not considered close competitors by businesses who use business intelligence tools as they can choose from other providers including Microsoft, IBM, Oracle, SAP, and Tableau.

Google’s cloud computing division is a distant third globally to Microsoft and Amazon and in terms of revenue from renting infrastructure and other computing tools to businesses.

The Competition and Markets Authority found that “Although Google had the ability to make it difficult for rivals to access the Google-generated data they need from online advertising and web analytics services, there was no strong evidence they would have the incentive to do this.”

The deal has also been recognized by the US Department of Justice and the Austrian Federal Competition Authority.

Kurian said in a statement announcing the completion of the acquisition that “We believe we will be uniquely positioned to address the data analytics and business intelligence demands of even more enterprises globally, across all industries.”

Source: https://gadgets.ndtv.com/internet/news/google-seals-usd-2-6-billion-buyout-of-looker-after-uk-green-light-2179762

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