Google to acquire Looker for $2.6 billion

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Google has entered into an agreement to acquire Looker, a Santa Cruz, Calif.-based company that provides a unified platform for business intelligence, data applications and embedded analytics, in a $2.6 billion all-cash transaction.

The acquisition builds on an existing partnership where the two companies share more than 350 joint customers, such as Buzzfeed, Hearst, King, Sunrun, WPP Essence, and Yahoo, says Google.

The acquisition is expected to be complete later this year, subject to customary closing conditions. Upon the close of the acquisition, Looker will join Google Cloud, the company said in a statement.

Read the blog post from Thomas Kurian, CEO of Google Cloud, here.

Read the blog post from Frank Bien, CEO of Looker, here.

[Image courtesy: Looker]