UK – The Competitors and Markets Authority (CMA) has introduced a proper inquiry into Google’s takeover of cloud information analytics agency, Looker Knowledge Sciences.
Google purchased Looker for $2.6m in June 2019.
The CMA investigation comes after it mentioned it had cheap grounds to suspect Google was planning to roll Looker into Alphabet, Google’s dad or mum firm, reasonably than hold it as a separate enterprise. This might imply much less competitors within the UK market.
The CMA had invited submissions from related events to touch upon the deal that are open till 20th December; it’s going to determine on 13th February whether or not to hold out a full in-depth investigation.
Google mentioned that its buy of Looker had “acquired regulatory approval within the US and Austria” and that it “continued to make progress with regulators within the UK”.