Britain’s competitors watchdog reviewing Google’s Looker buyout deal


FILE PHOTO: The Google emblem is pictured on the entrance to the Google workplaces in London, Britain January 18, 2019. Information/Hannah McKay/File Picture

(Information) – Britain’s competitors watchdog on Monday mentioned it was probing Google’s $2.6 billion buyout of privately held big-data analytics agency Looker Knowledge Sciences.

The Competitors and Markets Authority (CMA) mentioned it was contemplating whether or not the deal may damage competitors within the UK or different markets and invited feedback on the acquisition till Dec. 20.

Alphabet Inc-owned Google introduced the money deal in June, the primary main acquisition for its new cloud Chief Government Officer Thomas Kurian. The deal would construct upon Google Cloud’s BigQuery, a device for managing giant datasets.

Reporting by Pushkala Aripaka in Bengaluru; Modifying by Rashmi Aich