EU Approves Google's $32 Billion Wiz Acquisition

The European Commission granted unconditional approval on Tuesday for Alphabet's Google to acquire cybersecurity firm Wiz in a $32 billion deal, marking the tech giant's largest acquisition to date and clearing a key regulatory hurdle in the European Economic Area.

The approval, announced in Brussels, followed an investigation that found no competition concerns arising from the transaction. Regulators examined the potential impact on the cloud computing market, where Google trails larger rivals Amazon Web Services and Microsoft Azure in market share. "Google stands behind Amazon and Microsoft in terms of market shares in cloud infrastructure, and our assessment confirmed that customers will continue to have credible alternatives and the ability to switch providers," EU antitrust chief Teresa Ribera said in a statement.

The Commission also scrutinized whether the deal would give Google access to commercially sensitive data from competitors integrating Wiz's solutions. It concluded that any such data is not sensitive and remains accessible to other security software providers. The review included market investigations and industry feedback after Google notified regulators last month.