Alphabet Inc.'s /zigman2/quotes/202490156/composite GOOGL +0.54% /zigman2/quotes/205453964/composite GOOG +0.66% 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 -0.72% 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 -0.31% has risen 13% so far in 2019.
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Google agrees to pay big money for big-data startup Looker