News & Events

Google seals takeover of Looker after UK green light – Source Reuters Tech News

FILE PHOTO: The logo of Google is seen in Davos, Switzerland Januar 20, 2020. REUTERS/Arnd Wiegmann/File Photo

(Reuters) – Alphabet Inc-owned Google (GOOGL.O) said on Thursday it has completed its $2.6 billion buyout of privately held big-data analytics firm Looker Data Sciences after winning clearance from Britain’s competition watchdog.

Google announced the cash deal in June, the first major acquisition for its new cloud business Chief Executive Officer Thomas Kurian. The deal aims to build upon the success of Google Cloud’s BigQuery, a tool for managing large datasets.

Looker’s tool enables analysts and other workers to define calculations for items such as revenue or high-value customers and then visualize trends in their data without writing complicated scripts. It competes with Tableau Software Inc DATA.N, Domo Inc (DOMO.O) and Microsoft’s (MSFT.O) Power BI.

The Competition and Markets Authority said its probe found the deal would not adversely impact quality of…

Read More…

Source Reuters Tech News

Source link