European Union antitrust regulators will decide by February 10 whether to approve Alphabet’s proposed $32 billion acquisition of cybersecurity firm Wiz, according to a filing published on the European Commission website.
The deal, announced in March last year, would be Alphabet’s largest acquisition to date and underscores its push to strengthen cybersecurity offerings as it competes more aggressively in cloud computing with Amazon and Microsoft.
In recent years, major technology transactions have faced heightened regulatory scrutiny over concerns that acquisitions by dominant firms could further entrench market power. During its preliminary review, the European Commission — which acts as the EU’s competition enforcer — can choose to clear the deal with or without remedies, or open a full-scale investigation if it identifies serious competition concerns.
The proposed acquisition has already received regulatory approval in the United States, securing a green light from U.S. authorities in November last year.
