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Perplexity AI Chrome acquisition offer
Key Points:* Perplexity AI makes $34.5 billion offer for Google’s Chrome.
Perplexity’s $34.5 Billion Chrome Bid: Antitrust Implications
Perplexity AI has submitted a $34.5 billion acquisition offer for Google’s Chrome, far exceeding its own valuation of $18 billion. This initiative, named Project Solomon, aims at U.S. antitrust compliance. Perplexity confirmed backing from several large venture-capital funds, although their identities remain undisclosed. The offer is a non-binding term sheet to Google, aiming to address regulatory pressures on Google’s search dominance.
If successful, this acquisition could alter the technological and market landscape as Chrome is vital for web browsers and DApps. There is potential for alterations in DeFi usage, given Chrome’s compatibility with world-liberty-financial-sui-strategic-reserve and various crypto extensions, although no formal response has been received from Google. Perplexity stated it plans to invest $3 billion over two years to support Chrome upon deal completion.
Market reactions have yet to be seen among crypto asset prices or DeFi tokens. Official statements or roadmaps from major DeFi protocols haven’t acknowledged this potential ownership change. No public response has come from significant crypto experts as of now.
Analyzing Market Reaction and Historical Antitrust Context
Did you know? In the early 2000s, the U.S. Department of Justice engaged in high-profile antitrust litigation against Microsoft over its browser practices, drawing a parallel to the current scrutiny on Google’s tech practices.
Ethereum (ETH) currently trades at $4,644.20, with a market cap of $560.59 billion, maintaining 13.81% market dominance. Recent volatilities show an 82.10% rise over the last 60 days. Trading volumes reached $61.75 billion, reflecting an 8.36% daily increase, CoinMarketCap reports.
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