Months after calling Google a small player in Europe; EU unconditionally approves Google’s $32 billion all-cash deal to buy Wiz; says: Any data acquired by Google … – The Times of India

Google has received unconditional approval for its all-cash deal to buy cloud security service provider Wiz from European Union. Google’s $32 billion acquisition of cybersecurity company Wiz is the company’s biggest ever deal in terms of transaction size. The EU approved Google’s bid for Wiz after saying that it raised no competition concerns in Europe. The European Commission in November launched probes to assess the market power of Amazon and Microsoft cloud services, but not into Google. At the time, Brussels said Google played a smaller role in the EU market.The European Commission, which acts as the EU competition enforcer, said any data acquired by Google via the deal is not commercially sensitive and can also be assessed by other security software companies. What makes EU’s unconditional approval surprising is that tech deals have in recent years triggered greater regulatory scrutiny because of concerns that these could boost big companies’ market power and shut out…