Market Pulse Archives

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

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

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Alphabet Inc. Cl A (GOOGL)
  • X
    Alphabet Inc. Cl C (GOOG)
  • X
    Oracle Corp. (ORCL)

or Cancel Already have a watchlist? Log In

By Emily Bary

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.

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

/zigman2/quotes/202490156/composite
US : U.S.: Nasdaq
$ 1,515.43
+8.19 +0.54%
Volume: 708,470
Aug. 13, 2020 2:25p
P/E Ratio
33.84
Dividend Yield
N/A
Market Cap
$1024.96 billion
Rev. per Employee
$1.39M
loading...
/zigman2/quotes/205453964/composite
US : U.S.: Nasdaq
$ 1,516.52
+9.90 +0.66%
Volume: 895,975
Aug. 13, 2020 2:25p
P/E Ratio
33.86
Dividend Yield
N/A
Market Cap
$1024.96 billion
Rev. per Employee
$1.39M
loading...
/zigman2/quotes/202180826/composite
US : U.S.: NYSE
$ 53.78
-0.39 -0.72%
Volume: 4.75M
Aug. 13, 2020 2:25p
P/E Ratio
17.40
Dividend Yield
1.78%
Market Cap
$166.23 billion
Rev. per Employee
$289,197
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,369.87
-10.48 -0.31%
Volume: 1.21B
Aug. 13, 2020 2:25p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.