The $34.5 billion offer is backed by several unnamed investors “including large venture-capital funds,” according to The Wall Street Journal, which first reported on the bid.

News of the offer comes months after U.S. District Judge Leonie Brinkema found Google “willfully engaged in a series of anticompetitive acts” to maintain a search market monopoly, backing up a similar ruling from Judge Amit Mehta last year, when he said Google used exclusive distribution agreements and “supracompetitive prices” that led to “anticompetitive behavior.”

Federal prosecutors have pushed for Mehta to force a sale of Chrome, saying the browser has “fortified” Google’s dominance in the search market.

Mehta is expected to rule on remedies for Google’s monopoly by this month, according to multiple outlets.

Perplexity, which recently raked in $100 million in funding to bring its valuation to $18 billion, wrote in a letter to Google CEO Sundar Pichai the bid for Chrome is “designed to satisfy an antitrust remedy in highest public interest by placing Chrome with a capable, independent operator,” the Journal reported.

Forbes has reached out to Perplexity and Google for comment.