Perplexity Offers $34.5B to Buy Google Chrome in Antitrust Bid
Main Idea
Perplexity, an AI startup, has made a $34.5 billion bid to acquire Google Chrome, aiming to challenge Google's dominance in internet search, while promising to keep Google as the default search engine.
Key Points
1. Perplexity's $34.5 billion offer exceeds its own valuation of about $18 billion.
2. The bid comes amid a US federal court case where Google was ruled to have unlawfully monopolized the search market.
3. Perplexity pledged to continue supporting Chromium and keep Google as the default search engine.
4. Google Chrome has 3.5 billion users and holds over 60% of the global search market.
5. Analysts suggest it’s unlikely a judge will approve the acquisition due to antitrust concerns.
Description
Key Highlights: Perplexity bids $34.5B to acquire Google Chrome amid legal scrutiny. Proposal aims to address antitrust concerns with independent ownership. Chrome has 3.5B users; Perplexity promises to keep Google as default search. Perplexity’s Bold Bid to Acquire Google Chrome Artificial intelligence startup Perplexity has made a $34.5 billion offer to buy Google’s Chrome browser as part of an effort to challenge Google’s dominance in internet search, The Wall Street Journal reported. The off...
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