EU clears Google to purchase Israeli-founded cybersecurity unicorn Wiz for $32B

Sharon Wrobel is a tech reporter for The Times of Israel

View of the Wiz cybersecurity company offices in Tel Aviv, July 15, 2024. (Flash90)
View of the Wiz cybersecurity company offices in Tel Aviv, July 15, 2024. (Flash90)

Google has been granted EU regulatory clearance to acquire Israeli-founded cybersecurity unicorn Wiz for a staggering $32 billion.

The European Commission says it concluded that the transaction would raise no competition concerns in the European Economic Area (‘EEA’).

The deal, announced in March last year, is the largest-ever purchase of an Israeli tech company. For Google, it is the largest acquisition the search giant has ever made, more than double its record purchase of Motorola Mobility for $12.5 billion in 2012.

Most Popular
If you’d like to comment, join
The Times of Israel Community.
Join The Times of Israel Community
Commenting is available for paying members of The Times of Israel Community only. Please join our Community to comment and enjoy other Community benefits.
Please use the following structure: example@domain.com
Confirm Mail
Thank you! Now check your email
You are now a member of The Times of Israel Community! We sent you an email with a login link to . Once you're set up, you can start enjoying Community benefits and commenting.