"Alphabet (GOOGL) (GOOG) and Wiz have moved closer to completing their $32 billion deal. The U.S. Department of Justice has finished its review, which means the agency will not block the acquisition. The step marks an important move toward closing, even though other regulators are still looking into the deal. The news comes just a few days after Alphabet delivered its first-ever $100 billion quarter."
"The Justice Department ended its review on October 24, and the Federal Trade Commission posted the notice soon after. The move, known as early termination, signals that U.S. officials no longer see the deal as a barrier to completion. Wiz Chief Executive Officer Assaf Rappaport confirmed the news during a Wall Street Journal event. However, he noted that the agreement remains under review by competition agencies outside the U.S."
Alphabet has moved closer to completing its $32 billion acquisition of Wiz after the U.S. Department of Justice finished its review and declined to block the deal. The Federal Trade Commission posted an early-termination notice after the DOJ concluded its review. Wiz CEO Assaf Rappaport confirmed the development and noted that competition agencies outside the U.S. continue to review the agreement. The FTC posted the notice after resuming operations following a government shutdown, listing Pfizer's approval before Google's. Google faces broader antitrust scrutiny, with two U.S. courts finding violations in search and advertising and another court in Virginia weighing possible divestiture of advertising assets. The Wiz acquisition, announced in March, targets cloud security.
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