Google bolster its cloud business with Looker

Alphabet’s Google said yesterday it had agreed to acquire Looker, the digital platform company, for $2.6 billion, in a move to bolster the search group’s cloud business. The all-cash deal for Looker will offer Google Cloud enterprise customers “more comprehensive” data analytics, the company said. Google and Looker have an existing partnership in which they share more than 350 customers including BuzzFeed, Hearst and Yahoo… The deal is… Alphabet’s largest since buying Nest, the maker of smart thermostats and other home automation products, for $3.2 billion in 2014… Looker was founded in 2012 and has more than 600 employees. Over 1,700 companies including Amazon, IBM, Lyft and Sony have used Looker’s cloud platform… The move came as Google invited pre-orders for Stadia, the game streaming service it is set to launch in November. The company said the service would initially boast more than 30 games fromleading publishers, including Electronic Arts and Take-Two Interactive… Google’s move for Looker comes a day after Microsoft and Oracle unveiled plans to join forces and make their respective cloud computing services work together in an effort to compete more effectively against market leader Amazon. It underscores big tech companies’ keen interest in the fast-growing space as a sourceof revenue growth.
 
Matthew Rocco

Food4Brains

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