The Department of Justice Antittens Enforcers are reviewing whether Google’s 32 billion dollars (about Rs 2,75,462 crore) acquisition of Cyber Security Company WIZ, according to people with knowledge of the case, will limit illegal competition in the market.
In the antitrust division of the department, officers who are investigating the deal, are investigating the coordinators. Alphabet After its announcement in March, the unit’s plan said that people said, who did not ask to discuss a confidential matter. Such inquiry involves the discussion with companies merged as well as discussions with contestants and customers.
The review, which is in its early stages, may remain more in months. This will eventually determine whether the US authorities allowed the deal to pursue.
Although the review of the antitrust merger on a full-manner is relatively rare compared to the number of deals announced every year, there are signs that the firms were breaking to investigate. Google Vij agreed to pay a breakup fee of about $ 3.2 billion (about 27,545 crore rupees), or about 10 percent of the deal value, if it is not closed, Bloomberg said earlier.
Google spokesperson and Doj refused to comment on the review. A spokes for Knowledgeable Did not respond to a request for comment.
Meanwhile, Google is facing intensive no -confidence investigation from Washington. In the previous year, the search engine firm was found to have online discovery by federal judges and having illegal monopoly in some advertising technology markets. After those two decisions, it is facing a possible breakup of large parts of its business, including it. Chrome Web browser and some advertising equipment are used to perform performance advertising around the web.
Previous acquisition
Wiz, which provides cloud protection, will not be the first purchase of Google’s large cyber security firm. In 2022, it bought the mandient for $ 5.4 billion (about Rs 46,486 crore). Both deals are to bulk the company’s cloud computing business, which has historically lagged behind their peers including Microsoft. DOJ also reviewed the compulsory deal, but never challenged the transaction.
Mandiants and Vij provide complex services, which specializes in pre -intelligence intelligence and cyber violations. WIZ provides similar capabilities, but its equipment also works to identify and block the dangers in the often-complex cloud environments. Wiz also works with competitive services from WIZ Amazon.com, OracleAnd Microsoft,
While announcing the deal, Google said Wiz Acquisition was a way to give its cloud security offerings beef and provide new ways to customers to keep their system safe in the new era. AyeCompanies said that Vij’s products would continue working on major cloud platforms including competitive services.
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