Did the EU approve Google's acquisition of Wiz?

Yes, the European Union granted Alphabet's Google unconditional antitrust approval for its $32 billion acquisition of cybersecurity company Wiz.

Why did the EU approve Google's deal with Wiz?

The European Commission found that the acquisition would not raise any competition concerns and that any data obtained by Google is not commercially sensitive.

How does Google's acquisition of Wiz affect its market position?

The deal, Google's largest ever, significantly boosts its presence in cybersecurity and the cloud computing sector, strengthening its competition against rivals like Amazon and Microsoft.

Home / Business and Economy / EU Approves Google's Massive Cybersecurity Acquisition

EU Approves Google's Massive Cybersecurity Acquisition

10 Feb

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Summary

Google's $32 billion acquisition of Wiz received unconditional EU antitrust approval.
Regulators found the deal would not raise any competition concerns.
The acquisition strengthens Google's position in cybersecurity and cloud computing.

EU Approves Google's Massive Cybersecurity Acquisition

Alphabet's Google has received unconditional antitrust approval from the European Union for its $32 billion acquisition of cybersecurity company Wiz. This landmark deal, announced in March last year, is Google's largest ever and significantly boosts its presence in the cybersecurity sector. The European Commission, acting as the EU's competition enforcer, confirmed that the acquisition would not pose any competitive risks. Regulators assessed that any data obtained by Google through this transaction is not commercially sensitive and remains accessible to other security software firms. This approval is notable in a climate of increased regulatory scrutiny for tech deals, as authorities monitor potential impacts on market power and smaller competitors. The acquisition is expected to strengthen Google's position in the cloud computing market, where it competes with industry giants Amazon and Microsoft.