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Alphabet Clears U.S. Regulatory Hurdle in $32B Wiz Acquisition
Alphabet Clears U.S. Regulatory Hurdle in $32B Wiz Acquisition
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BTCCSquare news:
Alphabet Inc. has overcome a critical U.S. regulatory obstacle in its proposed $32 billion acquisition of cybersecurity firm Wiz. The Justice Department concluded its antitrust review on October 24 without blocking the deal, though global regulators continue their examinations. This development follows Alphabet's landmark $100 billion quarterly revenue announcement.
Google's parent company saw shares dip 2.18% to $277.54 despite the regulatory progress. The FTC's approval timing raised eyebrows, coming immediately after the government shutdown resolution. Market observers note the deal's advancement coincides with growing institutional interest in cloud security infrastructure.
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