The US Department of Justice is probing Google's proposed $32 billion acquisition of cybersecurity firm Wiz, a deal that could significantly impact competition in the sector. This transaction, which would be a historic acquisition for Alphabet, aims to enhance Google's cloud cybersecurity offerings. Insiders suggest that this investigation follows increased scrutiny on market dominance, especially after previous failed acquisitions like Adobe's attempt to acquire Figma. Confidence in approval was bolstered by changes in administration and personnel at regulatory bodies. However, Google is simultaneously contending with lawsuits over its monopolistic practices in online advertising and search markets.
The Department of Justice is investigating whether Google's $32 billion acquisition of Wiz could illegally restrict competition, highlighting concerns over market monopolization.
Wiz executives expressed caution following Adobe's failed $20 billion acquisition of Figma, spurring concerns that regulatory challenges could impact their deal with Google.
Confidence in the acquisition's approval grew after Trump's appointments at the FTC and Justice Department, altering the regulatory landscape for such mergers.
Google's ongoing legal challenges regarding its market power reflect broader scrutiny of its business practices amid an investigation into the Wiz acquisition.
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