"EU competition authorities will decide by February 10 whether to approve Alphabet's acquisition of cybersecurity company Wiz. The $32 billion (€27.4 billion) deal is the largest ever for Google's parent company. Alphabet announced the acquisition in March last year. With Wiz, Google aims to strengthen its position in the race for cloud computing against Amazon and Microsoft, especially in security. The Israeli company, only five years old, grew rapidly to an annual turnover of approximately $1 billion."
"The main question is whether the deal will distort competition. Tech deals have been under close scrutiny for years due to concerns that dominant companies will further expand their market power. In November, Alphabet already received the green light from the US authorities. European cloud sovereignty plays a role The EU is currently working on new rules for cloud computing and digital sovereignty. In 2026, the Cloud and AI Development Act is set to come into force, aiming to triple European data center capacity."
EU competition authorities will decide by February 10 whether to approve Alphabet's $32 billion acquisition of Wiz, the largest deal in Alphabet's history. The acquisition aims to strengthen Google Cloud's security capabilities and competitive position against Amazon and Microsoft. Wiz, an Israeli startup founded five years ago, grew rapidly to about $1 billion in annual turnover and provides a multicloud threat-detection platform that integrates with Google Cloud, AWS and Microsoft Azure. Regulators will assess whether the deal distorts competition amid intensified scrutiny of tech mergers. The European Commission can approve, impose conditions, or open a full investigation, delaying final clearance.
Read at Techzine Global
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