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Google to buy Irish retail tech company Pointy

Google LLC agreed to acquire Irish retail tech company Pointy.

In a company post, Peter Chane, senior director for Google Local SMB Products, said the agreement to acquire Pointy is expected to help local retailers sell their products online. The deal is set to close in the next few weeks.

Pointy allows merchants to connect a box to a barcode scanner or use an app to upload their product inventory online.

While financial terms of the deal were not disclosed, The Irish Times reported the deal price to be $160 million.

Alphabet Inc. is the parent company of Google.