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In recent years, Google has been embroiled in a series of legal disputes, facing multiple lawsuits, many of which they are currently appealing. One potential outcome of these legal battles could force Google to divest its Chrome browser, and Yahoo has signaled its intent to step in as a buyer should that happen.
While Yahoo may not hold the same prominent position it did during the late 1990s and early 2000s, it is still active in the tech space. Following the rise of competitors like Google and Facebook, Yahoo is now exploring opportunities to revitalize its presence in the market.
During a recent trial aimed at addressing Google’s established monopoly, Brian Provost, the general manager of Yahoo Search, presented testimony regarding the implications of a potential breakup of Google’s services. U.S. courts have classified Google as a monopoly, and the trial is focused on how to remedy this situation effectively.
According to Provost’s statements, Yahoo and other interested parties would be keen on acquiring Chrome if it becomes available for sale.
Yahoo’s Significant Interest in Google Chrome
During the hearing, Provost indicated that the value of the Chrome browser could range in the tens of billions, highlighting its critical role in the digital ecosystem.
He remarked, “Chrome is arguably the most important strategic player on the web. We would be able to pursue it with Apollo.”
Apollo Asset Management, which owns Yahoo among other entities, boasts a valuation exceeding $500 billion and generates substantial revenue annually, making it well-positioned to finance the acquisition.
Consequently, they are prepared to invest over $10 billion to secure Chrome’s acquisition.
Provost also mentioned that while Yahoo is in the process of developing its own web browser, the company would prioritize the purchase of Chrome if such an opportunity arose.
Additionally, Nick Turley, a prominent figure at ChatGPT, expressed interest from OpenAI and other potential buyers, indicating that the acquisition of Chrome could spark one of the most significant technology deals in modern history, pending its availability.
Currently, Google is vigorously defending its right to retain Chrome, and a verdict on the matter is anticipated later this year. Depending on the court’s decision regarding the monopoly claim, there will be a timeline established for Google to divest Chrome if found necessary. The landscape remains uncertain, but the interest from various buyers is evident.
Source
www.dexerto.com