Google’s Planned Acquisition of Looker under UK Regulator’s Radar

Google’s Planned Acquisition of Looker under UK Regulator’s Radar

4 years ago
Anonymous $4bURcB5AtU

https://wccftech.com/googles-planned-acquisition-of-looker-under-uk-regulators-radar/

The Competition and Markets Authority (CMA) of UK has initiated a probe into Google’s (NASDAQ:GOOGL) $2.6 billion offer for the cloud-based data analytics company Looker. The authority is examining whether the acquisition will prove detrimental to the prevalence of healthy business competition in the UK and in other markets.

It should be noted that the U.S. antitrust regulator has already cleared the planned acquisition and, accordingly, Google was gunning for a closure of the deal before the end of the year. As per the preliminary nature of the investigation, CMA has invited comments on this deal from interested parties by 20th of December. Thereafter, in the light of responses received, the authority will decide whether to launch a formal merger inquiry.