UK probes Google's Looker purchase over competition concerns

google
Credit: CC0 Public Domain

Britain's competition watchdog says it's investigating Google's purchase of cloud data analytics company Looker Data Sciences, adding to the regulatory pressures the U.S. tech giant is facing.

The Competition and Markets Authority said Monday that it has invited "any interested party" to comment on whether the transaction would "result in a substantial lessening of " in the U.K. market.

Google said in June it planned to buy Looker, which helps customers "visualize data," for $2.6 billion in cash to bolster its Google Cloud service.

The deal was expected to close by the end of the year.

Google did not immediately comment.

It has come under tighter scrutiny on various fronts in the U.S., where authorities at both the state and federal level have opened investigations into tech giants.

© 2019 The Associated Press. All rights reserved.

Citation: UK probes Google's Looker purchase over competition concerns (2019, December 2) retrieved 23 April 2024 from https://techxplore.com/news/2019-12-uk-probes-google-looker-competition.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.

Explore further

Google buys analytics startup Looker to bolster its cloud

2 shares

Feedback to editors