Google Completes Acquisition of Looker
Google completed its $2.6 billion acquisition of analytics firm Looker, according to CityA.M.
The Competition and Markets Authority (CMA) was investing the possible acquisition since December. The concern with the transaction was the potential for it to damage competition in the United Kingdom's cloud computing market.
However, the CMA concluded that it would close its investigation and give the go-ahead for the deal to proceed. The CMA ruled that it would not increase prices or drive competitors out of the market and therefore was okay to be approved.
“Looker will strengthen Google Cloud’s analytics and data warehouse capabilities, including Big Query, enabling our customers to address some of their toughest business challenges, faster — all while maintaining complete control of their data,” wrote Thomas Kurian, chief executive of Google Cloud.
Google completed its $2.6 billion acquisition of analytics firm Looker.