EU Unconditionally Approves Google’s $32B Acquisition of Wiz

The European Commission’s ruling is based on extensive feedback from customers and rival cloud security and infrastructure vendors.

The European Commission on Tuesday announced its unconditional approval of Google’s proposed $32 billion acquisition of cloud security firm Wiz under the EU Merger Regulation. 

The EU has conducted a review and concluded that the deal raises no competition concerns in the European Economic Area (EEA). This clearance allows the transaction to proceed without remedies or conditions, following an assessment that found no significant impact on competition in relevant markets.

The Commission noted:

“The Commission gathered extensive feedback from customers and rival suppliers of cloud security and cloud infrastructure services, in order to investigate the impact of all material aspects of the transaction.

Based on its market investigation, the Commission found that there are several credible competitors that customers could switch to if Google were to bundle Wiz’s multi-cloud ...