Google’s $32 Billion Acquisition of Wiz Receives Approval from U.S. Government
In a significant development for the tech industry, the U.S. Department of Justice has given the green light to Google’s $32 billion acquisition of cloud security firm Wiz. This approval marks a key milestone in the acquisition process, as confirmed by Wiz CEO Assaf Rappaport during a recent event held by the Wall Street Journal, according to reports from Reuters. While this approval is crucial, Rappaport noted that several steps remain before the finalization of the deal.
The journey to this acquisition began in 2024 when Google initially proposed a $23 billion deal to purchase Wiz. However, Rappaport chose to decline, confident that the company’s potential for growth far exceeded the initial offer. His foresight proved accurate, as discussions were revitalized in early 2025, culminating in a revised agreement where Google agreed to acquire Wiz for $32 billion in March.
The acquisition faced scrutiny, with antitrust reviews reported by Bloomberg in June. Despite this, the deal is now anticipated to reach completion in early 2026, signaling a monumental shift in cloud security services under Google’s expansive umbrella.
Key Points:
– Approval from the U.S. Department of Justice paves the way for Google’s acquisition of Wiz.
– Initial proposal in 2024 was $23 billion, which Wiz declined.
– Acquisition talks resumed in 2025 leading to a $32 billion agreement.
– Finalization expected by early 2026 after ongoing regulatory processes.
