Perplexity Makes Longshot $34.5 Billion Offer for Chrome

AI startup Perplexity on Tuesday offered to purchase Google's Chrome browser for $34.5 billion as it works to challenge the tech giant's web-search dominance. From a report: Perplexity's offer is significantly more than its own valuation, which is estimated at $18 billion. The company told The Wall Street Journal that several investors including large venture-capital funds had agreed to back the transaction in full.

Estimates of Chrome's enterprise value vary widely but recent ones have ranged from $20 billion to $50 billion. U.S. District Judge Amit Mehta is weighing whether to force Google to sell the browser as a means of weakening Google's stranglehold on web search. Mehta last year ruled that Google illegally monopolized the search market and is expected to rule this month on how to restore competition.

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