Alphabet's (GOOGL) $32B Wiz Deal Faces DOJ Antitrust Hurdles
June 16 Alphabet (NASDAQ:GOOGL) faces an early-stage antitrust review by the Department of Justice over its proposed $32 billion acquisition of Wiz, according to a Bloomberg report. The DOJ is examining whether the deal could reduce competition in cloud security services.
The agreement, announced in March, would fold Wiz into Google Cloud while allowing its products to remain available on Amazon Web Services, Microsoft Azure, and Oracle Cloud. Wiz's real-time, AI-powered threat detection and response tools would also be offered through various partner security solutions.
Wiz, founded in Israel in 2020 and now based in New York under CEO Assaf Rappaport, nearly joined Alphabet last summer in a $23 billion deal that stalled amid regulatory approval concerns. The current review could influence timing or require concessions before completion.
Google did not respond to requests for comment. Observers note that a protracted antitrust process may delay integration but could also lead to adjustments that address competitive worries. As cloud security becomes increasingly vital, the outcome will signal how far regulators will go in policing major tech acquisitions.
This article first appeared on GuruFocus.
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