Overview
- Perplexity AI submitted an unsolicited all-cash bid of $34.5 billion to Alphabet for its Chrome browser.
- The startup says multiple large investment funds have agreed to finance the transaction in full despite its roughly $18 billion valuation.
- Terms include preserving the open-source Chromium code, keeping Google as the default search engine with easy opt-out, investing $3 billion over two years and extending offers to Chrome engineers.
- The offer coincides with the DOJ’s push for Chrome divestiture as an antitrust remedy following a 2024 ruling that found Google operated an illegal search monopoly.
- Other potential buyers, including OpenAI, Yahoo and Apollo Global Management, have also expressed interest in acquiring a browser that commands about two-thirds of the global market.