Alphabet (GOOGL) Stock: Google’s $32 Billion Wiz Deal Clears DOJ Review

TLDR

• Google’s $32 billion acquisition of cybersecurity firm Wiz has cleared DOJ antitrust review
• The deal represents Alphabet’s largest acquisition in company history
• DOJ granted early termination dated October 24, allowing the companies to move forward
• Wiz will integrate into Google Cloud to enhance cybersecurity solutions for businesses
• Deal still requires approval from antitrust regulators in other jurisdictions before expected 2026 closing

Google parent company Alphabet has cleared a major regulatory hurdle in its purchase of cybersecurity firm Wiz. The Department of Justice has concluded its antitrust review of the $32 billion deal.

Wiz CEO Assaf Rappaport confirmed the news at a Wall Street Journal event on Tuesday. He described it as an important milestone but stressed the companies are still working toward final closure.

The DOJ’s decision came through early termination, a signal that federal antitrust agencies no longer view their review as an obstacle to completing the merger. The Federal Trade Commission website shows the early termination dated October 24.

Alphabet Inc., GOOGL

This marks Alphabet’s largest acquisition ever. The deal will bring Wiz into Google’s cloud computing division.

The integration aims to strengthen Google Cloud’s cybersecurity offerings. Businesses using the platform will gain access to Wiz’s tools for identifying and managing security risks.

The DOJ opened an in-depth investigation after the companies announced their agreement in March. Bloomberg reported in June that antitrust enforcers were examining whether the acquisition would illegally limit marketplace competition.

Still More Reviews Ahead

The DOJ clearance doesn’t mean the deal is done. Rappaport made clear that other jurisdictions still need to complete their reviews.

Google expects to close the acquisition in 2026. That timeline depends on meeting standard closing conditions and gaining remaining regulatory approvals.

The timing of the early termination notice raised some eyebrows. The FTC had said it wouldn’t grant early termination during the government shutdown. Yet the agency posted the approval for the Google-Wiz deal after granting similar termination for a Pfizer acquisition on Friday.

Google’s Antitrust Landscape

The Wiz approval comes as Google faces antitrust pressure on multiple fronts. Two separate federal trials have resulted in judges ruling that Google illegally monopolized online search and display advertising technology markets.

A federal judge in Virginia is currently weighing whether to order the sale of parts of Google’s ad tech business. That decision could reshape a major revenue source for the company.

The DOJ’s move to end the Wiz review offers Google some relief during this period of regulatory scrutiny. The company continues defending its business practices in courts around the world.

For Wiz, the deal represents a major exit in the cybersecurity industry. The company has built a business helping organizations secure their cloud infrastructure and identify vulnerabilities.

Google Cloud has been investing heavily to compete with Amazon Web Services and Microsoft Azure. Adding Wiz’s capabilities could help narrow the gap with those competitors.

The cybersecurity market continues growing as companies face increasing threats. Cloud security specifically has become a priority as more businesses move operations online.

Neither the DOJ nor Wiz responded to requests for comment about the review’s conclusion. A Google spokesperson confirmed the company looks forward to completing reviews in other jurisdictions.

The deal structure calls for Wiz to operate within Google Cloud once the acquisition closes. Details about how Wiz’s existing products and services will integrate remain unclear.

Wiz CEO Rappaport founded the company with a team that previously sold another cybersecurity firm to Microsoft. That experience likely helped position Wiz for this deal.

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