Nov 5 (Reuters) - Cybersecurity company Wiz has cleared
a U.S. Justice Department (DOJ) antitrust review of its
acquisition by Google-parent Alphabet, Wiz CEO said in
a Wall Street Journal event on Tuesday.
The deal, valued at about $32 billion, would be Alphabet's
largest acquisition. It will integrate Wiz into Google's cloud
unit, enhancing the company's cybersecurity solutions to help
businesses mitigate critical risks.
"Definitely, this is an important milestone, but we're still
in the journey between signing and closing," Wiz CEO Assaf
Rappaport said, when asked about the DOJ review of the deal.
In June, Bloomberg had reported that the DOJ antitrust
enforcers were reviewing whether Alphabet's planned acquisition
the cybersecurity firm would illegally limit competition in the
marketplace.
"We look forward to completing the review process in other
jurisdictions. The acquisition of Wiz is expected to close in
2026, subject to customary closing conditions," a Google
spokesperson told Reuters in an emailed statement.
The DOJ and Wiz did not immediately respond to Reuters
requests for comment.