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June 6, 2019, 9:21 a.m. EDT

Google plans to acquire big-data company Looker for $2.6 billion

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By Emily Bary

Alphabet Inc.'s /zigman2/quotes/202490156/composite GOOGL -0.14% /zigman2/quotes/205453964/composite GOOG -0.08% announced Thursday that it plans to acquire acquiring Looker, a business-intelligence and data-analytics company, for $2.6 billion in cash. The deal is Alphabet's first big acquisition since Google Cloud's chief executive Thomas Kurian joined the company from Oracle Corp. /zigman2/quotes/202180826/composite ORCL +0.79% at the start of the year. "We remain committed to our multi-cloud strategy and will retain and expand Looker's capabilities to analyze data across clouds," Kurian said in a release. Shares are off 0.3% in premarket trading Thursday, and the stock is flat on the year. The S&P 500 /zigman2/quotes/210599714/realtime SPX -0.21% has risen 13% so far in 2019.

Read the full story:
Google agrees to pay big money for big-data startup Looker

/zigman2/quotes/202490156/composite
US : U.S.: Nasdaq
$ 1,418.24
-2.04 -0.14%
Volume: 1.76M
May 28, 2020 4:00p
P/E Ratio
28.62
Dividend Yield
N/A
Market Cap
$769.02 billion
Rev. per Employee
$1.39M
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/zigman2/quotes/205453964/composite
US : U.S.: Nasdaq
$ 1,416.73
-1.11 -0.08%
Volume: 1.69M
May 28, 2020 4:00p
P/E Ratio
28.59
Dividend Yield
N/A
Market Cap
$769.02 billion
Rev. per Employee
$1.39M
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/zigman2/quotes/202180826/composite
US : U.S.: NYSE
$ 53.62
+0.42 +0.79%
Volume: 9.47M
May 28, 2020 4:00p
P/E Ratio
16.88
Dividend Yield
1.79%
Market Cap
$167.77 billion
Rev. per Employee
$289,197
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/zigman2/quotes/210599714/realtime
US : S&P US
3,029.73
-6.40 -0.21%
Volume: 3.14B
May 28, 2020 5:13p
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