Google $2.6 Billion Looker Takeover Probed by U.K. Watchdog
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.
The U.K. formally announced a merger probe into Google’s $2.6 billion takeover of Looker Data Sciences Inc. a week after its antitrust watchdogs raised concerns about Amazon.com Inc.’s purchase of a minority stake in Deliveroo.
The Competition and Markets Authority said in a Tuesday statement it will verify whether the Alphabet Inc. unit’s acquisition might substantially weaken competition.
The CMA said it set a Feb. 13 deadline to take a decision in this first phase review. U.S. regulators cleared the deal last month.
The British competition regulator is taking a tough look at technology deals. U.K. watchdogs last week threatened Amazon with an extended competition review of its Deliveroo deal unless the e-commerce giant addressed concerns that customers, restaurants and grocers would face higher prices.
Google announced in June that it planned to buy U.S.-based Looker for its cloud unit, which lags far behind Amazon and Microsoft Corp. with just 4% of the cloud-computing infrastructure market as of 2018, according to the most-recent figures from analyst Gartner Inc. U.S. regulators cleared the deal in November.
To contact the reporter on this story: Gaspard Sebag in Paris at gsebag@bloomberg.net
To contact the editors responsible for this story: Anthony Aarons at aaarons@bloomberg.net, Peter Chapman, Nate Lanxon
For more articles like this, please visit us at bloomberg.com
©2019 Bloomberg L.P.