"Google Nears Record $23B Acquisition of Cybersecurity Firm Wiz"

1 min read
Source: Yahoo Finance
"Google Nears Record $23B Acquisition of Cybersecurity Firm Wiz"
Photo: Yahoo Finance
TL;DR Summary

Alphabet's $23 billion bid to acquire cloud cybersecurity firm Wiz is likely to face scrutiny from US regulators regardless of the outcome of the upcoming presidential election. Both the current Biden administration and a potential second Trump administration have shown interest in addressing antitrust issues in the tech sector. The regulatory review process could delay the acquisition into next year, with potential legal challenges and demands for concessions from Alphabet. The deal may also attract scrutiny from international regulators, adding further complications.

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