Google’s $32 Billion Wiz Deal: DOJ Antitrust Probe Casts a Cloud Over Acquisition
The US Justice Department is investigating Google’s $32 billion acquisition of cloud security startup Wiz. This antitrust review will assess potential impacts on competition in the cybersecurity market. Google’s deal with Wiz could reshape the competitive landscape and test investors’ faith in cloud security startups.
Hot Take:
Oh, Google! You just can’t seem to catch a break with your cybersecurity shopping spree, can you? First Mandiant, now Wiz—an antitrust review party seems to be your favorite activity! Considering Google’s knack for attracting government attention, maybe they should just start sending DOJ invites to their acquisition announcements.
Key Points:
- The DOJ is reviewing Google’s $32 billion acquisition of Wiz for potential antitrust issues.
- The review will examine if the deal harms competition in the cybersecurity market.
- Google’s previous acquisition of Mandiant also faced similar scrutiny but was ultimately approved.
- A breakup fee of $3.2 billion is set if the Wiz deal falls through.
- The acquisition could reshape the cloud security landscape, especially against competitors like Microsoft.
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