The European Commission (EC) has unconditionally approved Google’s US$32 billion (A$45 billion) acquisition of cybersecurity company Wiz.
The EC said the proposed transaction, the largest ever for the Alphabet Inc business, would raise no competition concerns in the European Economic Area.
"Google stands behind Amazon and Microsoft in terms of market shares in cloud infrastructure, and our assessment confirmed that customers will continue to have credible alternatives and the ability to switch providers," EU antitrust chief Teresa Ribera said in a statement.
The EC said any data acquired by Google via the deal was not commercially sensitive and could also be assessed by other security software companies.
“The Commission gathered extensive feedback from customers and rival suppliers of cloud security and cloud infrastructure services, in order to investigate the impact of all material aspects of the transaction,” the EC said.
“Based on its market investigation, the Commission found that there are several credible competitors that customers could switch to if Google were to bundle Wiz's multi-cloud security platform with its existing products, or in case Wiz's platform no longer worked with clouds other than Google's.”
Alphabet Class C (NASDAQ: GOOG) shares closed $5.77 (1.78%) lower at $318.63, capitalising the company at $3.86 trillion, on Tuesday (Wednesday AEDT).
