Google’s $32 billion acquisition of cloud security firm Wiz took has taken step nearer towards the end line.
Wiz CEO Assaf Rappaport mentioned at a Wall Avenue Journal occasion on Tuesday, as reported by Reuters, that the acquisition had cleared its antitrust overview by the U.S. Division of Justice. Rappaport added that whereas a milestone, the deal nonetheless has a strategy to go earlier than it formally closes.
information.killnetswitch reached out to Wiz for extra and for extra data relating to the timeline to shut.
Google initially approached Wiz in 2024 with a suggestion to purchase the startup for $23 billion. Wiz walked away from that supply and Rappaport mentioned, on the time, that he felt the enterprise might develop to be loads greater than that.
He was proper. Google and Wiz revived acquisition talks within the first few months of 2025, and Google introduced it was shopping for Wiz for $32 billion in March.
Bloomberg initially reported that the deal was beneath antitrust overview in June. The deal is predicted to shut in early 2026, based on Reuters.
