Published by Global Banking & Finance Review®
Posted on February 10, 2026
1 min readLast updated: February 10, 2026
Add as preferred source on GoogleGoogle secures EU approval for its $32 billion acquisition of Wiz, enhancing its cybersecurity and cloud computing capabilities.
BRUSSELS, Feb 10 (Reuters) - Alphabet's Google gained unconditional EU antitrust approval on Tuesday for its $32 billion acquisition of cybersecurity company Wiz, its biggest ever deal, after regulators said the deal would not raise any competition concerns.
The deal, announced in March last year, would boost Google's presence in cybersecurity and in the cloud computing sector where it competes with bigger rivals Amazon.com and Microsoft.
"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 European Commission, which acts as the EU competition enforcer, said any data acquired by Google via the deal is not commercially sensitive and can also be assessed by other security software companies.
Tech deals have in recent years triggered greater regulatory scrutiny because of concerns that these could boost big companies' market power and shut out smaller rivals.
(Reporting by Foo Yun Chee)
Cybersecurity refers to the practice of protecting systems, networks, and programs from digital attacks. These attacks are usually aimed at accessing, changing, or destroying sensitive information.
Cloud computing is the delivery of computing services over the internet, allowing users to access and store data on remote servers instead of local computers.
Antitrust approval is a legal clearance granted by regulatory authorities to ensure that a merger or acquisition does not create unfair competition in the market.
A strategic acquisition is a purchase made by a company to enhance its competitive position, expand its market share, or gain access to new technologies or resources.
Explore more articles in the Finance category
