Overview
- The AI startup has submitted an unsolicited all-cash bid of $34.5 billion to acquire Google’s Chrome browser.
- The offer is linked to the DOJ’s antitrust remedies process after a judge ruled that Google unlawfully monopolized search and recommended divesting Chrome.
- Perplexity pledged to invest $3 billion in Chrome development over two years while keeping Chromium open source and retaining Google as the default search engine.
- Multiple large investment funds have committed to finance the full transaction despite Perplexity’s own valuation of roughly $18 billion.
- Google has declined to sell, plans to appeal any divestiture order and analysts view the bid as unlikely to succeed in the near term given legal and technical hurdles.