CMA Issues Enforcement Order on Alphabet Over Google, Looker Data Sciences Deal
December 05 2019 - 2:53AM
Dow Jones News
By Ian Walker
The U.K. Competition and Markets Authority said Thursday that it
has served an initial enforcement order on Alphabet Inc. (GOOGL)
and Google LLC over the proposed acquisition of Looker Data
Sciences.
The order--which limits the extent to which companies can
integrate their operations while the regulator examines the
transaction--follows the regulator's announcement on Monday that it
was considering whether the acquisition by Google of Looker would
lessen competition in any U.K. market.
The CMA said Monday that it was therefore inviting comments from
interested parties ahead of a final decision on whether to allow
the deal to proceed in its current terms. Parties have until Dec.
20 to make any comments.
Google, a unit of Alphabet, agreed in June to pay $2.6 billion
for Looker, a maker of business-intelligence and data-analytics
software, to bolster its cloud business.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
December 05, 2019 02:38 ET (07:38 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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