European Commission approves Wiz acquisition by Google
The European Commission has cleared Google’s acquisition of cloud security firm Wiz after concluding that the transaction doesn’t raise any competition concerns in the European Economic Area (EEA).
In July 2024, The Wall Street Journal reported that Google and Wiz were negotiating the acquisition of the startup company. Sources told the news outlet that Google was willing to pay $23 billion, the highest amount the tech company has ever paid for an acquisition.
However, only a few days later, the deal was dead in the water. Assaf Rappaport, CEO of Wiz, wrote at the time that the company was focusing on an initial public offering (IPO), as he had planned originally.
In March 2025, Google was still interested in the cloud security company. According to sources, Google was, allegedly, willing to ante up $32 billion for the acquisition (approximately €27 million).
On January 6th, 2026, the European Commission was notified of the transaction. The Commission says it has gathered extensive feedback from customers and competing providers of cloud security and cloud infrastructure services.
Furthermore, the executive branch of the EU argues that users could switch to multiple competitors if Google were to bundle Wiz’s cloud security platform with other products, or if Wiz’s platform were to stop working with cloud services other than Google’s.
Lastly, the European Commission concluded that Google wouldn’t obtain access to commercially sensitive data on competing cloud service providers that also integrate with Wiz’s cloud security solutions.
“Following a thorough investigation, the Commission has cleared Google’s acquisition of Wiz. Google stands behind Amazon and Microsoft in terms of market shares in cloud infrastructure, and our assessment confirmed that customers will continue to have credible alternatives and the ability to switch providers. The transaction therefore does not raise competition concerns in cloud services or cloud security in the European Economic Area,” Teresa Ribera, Executive Vice-President for Clean, Just and Competitive Transition, says in a statement.
Wiz, which was founded in 2020, is an American-based cloud security company that offers cloud computing security services and helps companies identify and remove potential security risks. Almost half of all Fortune 100 companies entrust their cloud security to Wiz.
In 2023, Wiz generated about $350 million in revenue. In a private funding round in May 2024, Wiz was valued at $12 billion.
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