Google’s US$2.6B Looker deal said to get closer DOJ review [Business News Network (BNN) Energy & Resources (Canada)]
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Source: Business News Network
Google’s US$2.6B Looker deal said to get closer DOJ review U.S. antitrust enforcers have started an in-depth review of Google’s US$2.6 billion planned acquisition of a data analytics company, a further sign of greater scrutiny on big technology companies, according to people familiar with the situation. The antitrust division of the Justice Department is seeking more information from Google and Looker Data Sciences Inc. related to the deal to determine whether the tie-up harms competition, said one of the people, who asked not to be named discussing private matters. Alphabet Inc.’s Google announced June 6 it planned to buy Looker for its cloud unit, which lags far behind Amazon.com Inc. and Microsoft Corp. with just 4 per cent of the cloud-computing infrastructure market as of 2018, according to the most-recent figures from analyst Gartner Inc. The deal was expected to receive added regulatory scrutiny. The in-depth Justice Department review, known as a “second request,” comes as anti
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