UK competition watchdog to investigate Google’s Looker buyout
Google and Looker $2.6 billion deal aims to enhance the management of large datasets
The UK’s competition & markets authority has said it will investigate ’s buyout of privately held data analytics firm Looker Data Sciences.
The competition watchdog said it was considering whether the $2.6 billion (£2bn, €2.3bn) deal could hurt competition in the UK or other markets. It is welcoming comments from relevant parties on the acquisition until December 20.
Google announced the cash deal in June, as part of its efforts to expand the service’s cloud offerings. The aim is to build on Google Cloud’s BigQuery, a tool for managing large datasets.
Google Cloud CEO Thomas Kurian said in June that the deal would “complete” his division’s analytics services.
Looker uses a visualisation tool that helps clients spot patterns in data, competing alongside Tableau and Microsoft’s Power BI. It is used by Yahoo, Buzzfeed and Hearst magazines.
The company was founded in 2012, employs around 800 people and had raised as much as $281 million in venture capital funding before the Google acquisition.
The deal was the first under Oracle veteran Kurian, the company’s new cloud chief who replaced Diane Greene last year.
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