Overview

• The term sheet commits to maintaining Chromium’s open-source code, investing $3 billion over two years and preserving Google as the default search engine with user choice.
• Perplexity says the offer is backed by a group of investors that has pledged the full $34.5 billion, though specific financiers remain unnamed.
• Google has opposed any divestiture of Chrome and plans to appeal Judge Mehta’s 2024 ruling that found its search practices illegally monopolistic.
• Some analysts question the bid’s feasibility and suggest it may be a strategic play to influence the antitrust remedy or prompt competing offers.
• Other firms including OpenAI, Yahoo and Apollo Global Management have also signaled interest in acquiring Chrome if regulators order a sale.