Google DOJ Chrome decision has analysts valuing its top businesses

On Tuesday, on Tuesday, Google’s Purchasing Chrome browser for $ 34.5 billion represents a dramatic moment for the internet search giant a week before the public offering celebrates the 20th anniversary of the public offering.

Even if the analysts do not take the offer very seriously, the astonishment movement points to a turning point. He made such a public and special effort to draw an important part of Google for the first time, which is waiting for a judge’s decision to take a significant handle steps following the decision of a judge last year in the basic search market last year.

More than twenty years ago against Microsoft, the decision has been seen as the most important antitröst decision in the technology industry since the case. The US Department of Justice, which filed a turning point against Google in 2020, said that after its victory in court, Google saw a possible distribution as an antitröst solution.

Shortly after that, Doj clearly called on Chrome to dispose of a more equal playground for its opponents. As it is, Google searches for packages and other services in Chrome and creates the browser in Chromebooks in advance. Google Law Chief Kent Walker in question In response to Doj, “the approach of the approach will lead to extreme access to unprecedented government” and will damage the country’s efforts to protect economic and technology leadership.

There is a lot to consider about the expected solution decisions this month and the future value of the Google and Parental alphabet of investors. While the company is bombing tens of billions of dollars annually in artificial intelligence infrastructure and AI services, consumers face a much less time to spend time on traditional search because alternatives to Chatgpt and other AI provide new ways to access information.

However, while the Alphabe is still relying on search -related ads for the majority of its income, the company has diverse in the last decade. October will be seen as Google’s main subsidiary 10 years after the formation of the alphabet as a holding company.

“This new structure will allow us to focus on the extraordinary opportunities we have on Google.” He said. Blog post In that case.

Page moved from Google’s CEO to become the general manager of the alphabet and directed Sundar Pichai, the senior vice president responsible for internet businesses. Four years later, Pichai changed Page to Alphabet CEO.

In Pichai’s Watch, Alphabet’s market value increased by more than 150% to $ 2.5 trillion. In an increasingly dominant position on the Internet, Pichai and the team had to defend an aggressive regulator in the United States and Europe, while continuing to look for growth areas, especially in AI.

Analysts had the opportunity to place estimated values in various businesses of the alphabet if the company has always been forced to harsh measures. Some even claimed that it might be a good thing for shareholders.

“We believe that the only way for the alphabet is a complete separation to allow investors to have the business they want,” the analysts in Davidson wrote in a series of notes this year.

The alphabet did not respond to the request for comments.

Here is a breakdown of how some analysts value the alphabet out -of -research assets:

The browser is the key to Alphabet’s advertising business that uses data from Chrome to help targeted ads. Google initially launching In 2008, Chrome is an effort to “add value for users and also help to increase innovation on the web”.

The proposal of astonishment does not rise to analyst forecasts, but still more than surprise is much higher than its own valuation. 18 billion dollars In July. The astonishment known for its search engine, which works with AI, which gives the best users simple answers to questions, said that investors are on board to set foot on the bill. However, the company did not name possible supporters.

Barclays analysts called the chrome’s possibility of disposal of “black swan” risk, and warned about a 15% to 25% decrease in the stock of the alphabet in case of occurrence. They estimate that Chrome uses about 35% of Google’s search revenue.

An agreement for Chrome is on the table, Raymond James analysts value 2.25 billion users and Google’s value of $ 50 billion based on the income share agreements with Google’s pre -installed phone manufacturers on devices.

This values Chrome of Gabriel Weinberg, CEO of the opponent search company Duckduckgo. Weinberg, who testified in the antitröst attempt, He said it in April If a spinout is necessary, this chrome can be sold up to $ 50 billion. Weinberg said that the estimation was based on the “Behind the Envelope” mathematics by looking at Chrome’s user base.

Bob O’donnell from Sunday research firm Technalysis Research, stimulant This chromium “cannot make money directly”, because it serves as a gateway and “is not clear how you measure it from a pure income -generating perspective”.

Google’s cloud unit is the third in the cloud infrastructure market Amazon Web Services and Microsoft Azure is one of the key growth engines of the alphabet and one of the biggest work other than digital ads.

Google’s acquisition of $ 1.65 billion in 2006 in 2006 is generally seen as one of the best purchases by an internet company. Facebook An agreement of $ 1 billion for Instagram in 2012.

Waymo is currently running the largest commercial autonomous driving greeting fleet in the USA and has entered more than 1,500 cars and more than 100 million miles. Rivals Tesla And Amazon Zoox is still in the test phase in limited markets.

“We will not complain only by relying on small fine adjustments while exceeding years.” written inside 2014 Annual ReportDescribes Moonshot projects.

In 2016, Waymo returned from Google to participate in other bets that lost billions of dollars a year in general. In the second quarter, the alphabet recorded a loss of 1.2 billion dollars with 373 million dollars of income.

Waymo’s value was 45 billion dollars in the latest financing tour in November. Apart from the transaction, investors are except Andrereessen Horowitz, Tiger Global, Silver Lake, Fidelity and T. Rowe Price.

Some analysts now see a unit of value for many floors. Davidson analysts the analysts at the beginning of this month, an estimated $ 200 billion or more. Oppenheimer gave a basic lawsuit valuation of $ 300 billion on the assumption that it produced $ 102 billion in corrected earnings by 2040.

Raymond James value Waymo for $ 150 billion, and predicts that driving a week will reach 1.4 million in 2027 and climb to 5.8 million by 2030.

Waymo says that he has carried out more than 250,000 paid weekly trips in his commercial markets, including Atlanta, Austin, Los Angeles, Phoenix and San Francisco. The company said Philadelphia, Dallas and other places.

WRISTWATCH: 10 -year anniversary of the alphabet