Law360’s July 8 article “Antitrust Group Wants Google’s $2.6B Looker Deal Scrutinized” covered AAI’s letter to the U.S. Department of Justice encouraging the Antitrust Division to carefully scrutinize Google’s recently announced $2.6 billion acquisition of Looker. From the article:
The American Antitrust Institute asked the agency to probe whether the buyout of business intelligence company Looker Data Sciences Inc. could harm competition in the industry known for the “rapid acquisition of smaller, potential, or nascent rivals.”
“Any adverse effects resulting from the elimination of competition would be felt primarily by business-to-business customers that purchase cloud-based services, through potentially higher prices, lower quality, less innovation, and less choice,” the group said.
