US Approves Google’s $32 Billion Wiz Acquisition
▼ Summary
– Google’s $32 billion acquisition of cloud security company Wiz has moved closer to completion after clearing its U.S. Department of Justice antitrust review.
– Wiz CEO Assaf Rappaport stated that while this is a milestone, the deal still has further steps before it officially closes.
– Google initially offered to buy Wiz for $23 billion in 2024, but Wiz walked away believing the company could grow significantly larger.
– Acquisition talks resumed in early 2025, leading to Google announcing the $32 billion purchase of Wiz in March.
– The deal, which was reported under antitrust review in June, is expected to close in early 2026.
A major step forward has been achieved in Google’s monumental $32 billion acquisition of the cloud security firm Wiz, following the successful completion of its U.S. antitrust review. This clearance from the Department of Justice moves one of the largest tech deals in recent memory significantly closer to finalization, though company leadership emphasizes the process is not yet complete.
Speaking at a Wall Street Journal event, Wiz CEO Assaf Rappaport confirmed the regulatory milestone had been met. He was careful to note, however, that while this is a critical achievement, the transaction still has several procedural steps remaining before it can be officially concluded. The company has been contacted for further details regarding the specific timeline for closing the deal.
The path to this point has been a dynamic one. Google’s initial offer for Wiz was made in 2024, valuing the cybersecurity startup at $23 billion. At that time, Wiz leadership, including Rappaport, decided to walk away from the proposal. They expressed a strong belief that the company possessed the potential for far greater growth and valuation on its own.
This confidence proved to be well-founded. Acquisition discussions between the two companies were rekindled in the early part of 2025. By March of that year, Google publicly announced it had reached an agreement to purchase Wiz for a staggering $32 billion, a figure that reflects the startup’s rapid ascent and strategic value. News emerged in June that the arrangement was undergoing the expected antitrust scrutiny, a standard procedure for deals of this magnitude. Current reports indicate that the acquisition is on track to be finalized in the first part of 2026.
(Source: TechCrunch)
