The ACCC will not oppose the proposed acquisition of
Google supplies software and internet-based products, including Google Cloud and some cybersecurity products.
"Our investigation concluded that Google and
Our investigation found that there are a number of alternative suppliers of cybersecurity and cloud platform products.
"We found the acquisition was unlikely to give Google the incentive and ability to foreclose competitors in cloud platform or cybersecurity services due to the existence of alternative suppliers,"
In reaching this view the ACCC consulted with customers and competitors of Google and
More information is available on the ACCC's website: Google LLC -
Google is a global supplier of software and internet-based products, including ads, Android, Chrome, hardware, Gmail,
Both parties are listed on the
In considering the proposed acquisition, the ACCC applies the legal test set out in section 50 of the Competition and Consumer Act.
In general terms, section 50 prohibits acquisitions that would have the effect, or be likely to have the effect, of substantially lessening competition in any market.
https://www.accc.gov.au
.
(C) 2022 M2 COMMUNICATIONS, source