No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, July 31, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

European organizations oppose Google-Wiz deal

by TheAdviserMagazine
6 months ago
in Business
Reading Time: 3 mins read
A A
European organizations oppose Google-Wiz deal
Share on FacebookShare on TwitterShare on LInkedIn


EU antitrust regulators have announced that they will decide by February 10 whether to approve the acquisition of Israeli cloud security company Wiz by Google. While legal and competition experts assess that they will approve the deal for fear of US pressure, theoretically they could decide not to decide, and open an antitrust inquiry that will defer the decision and make the whole process less pleasant for all concerned.

In the past few days, several organizations have petitioned the European Commission to open such an investigation, among them SOMO (the Center for Research on Multinational Corporations), human rights organization Article19, Balanced Economy Project, Rebalance Now, and the Open Markets Institute. The petition comes not long after Hilary Jennings, a former senior official in the UK Office of Fair Trading (now the Competition and Markets Authority), published similar arguments on a site dealing with privacy and digital rights.

The main argument repeatedly made by opponents of the deal relates to the access that Wiz will give Google to the cloud data security layer of European companies. The objectors fear that this access will be exploited to eliminate competitors in cloud and cybersecurity and increase dependence on Google, create a preference for Wiz as a cyber solution within a Google environment, and take advantage of the data that Wiz gathers on its customers. This will make migration from Wiz or from Google’s cloud service to competitors more difficult and raise costs for customers.

In an article on the Tech Policy website, Jennings and others write that “If Google acquires Wiz, this neutral multi-cloud visibility would (sic) be absorbed into a single hyperscaler’s ecosystem, enabling Google to align Wiz’s products and roadmap with its own cloud strategy.” The article also raises the fear that “Wiz’s multi-cloud deployment gives it deep insight into how organisations configure and secure their systems. Once integrated into Google, that insight could be used to reinforce both Google’s cloud and AI businesses.” It adds that “Some investors have described Wiz as a Trojan horse, giving Google visibility into rival clouds that no competitor could replicate.”

Shortly after the Google-Wiz deal was announced in March, addressing this fear, Google Cloud CEO Thomas Kurian said that multiple cloud approaches were something that Google customers wanted, and that they did not want to be locked into a single provider.





RELATED ARTICLES




Israel Tax Authority demands tax on Wiz IP


How branding helped drive Wiz’s $32 billion exit


Will regulators block the Google-Wiz deal?


Why Google is paying so much for Wiz






If all goes smoothly and the objections are dismissed, Wiz employees and investors will be able to breathe a sigh of relief on February 10, and benefit from the biggest exit in history, the acquisition of a barely six year-old company for $32 billion in cash. The four founders alone, Assaf Rappaport, Ami Luttwak, Yinon Costica, and Roy Reznik will pocket $1.5 billion each before tax.

No response to the report was forthcoming from Wiz.

Published by Globes, Israel business news – en.globes.co.il – on January 29, 2026.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2026.




Source link

Tags: dealEuropeanGoogleWizopposeOrganizations
ShareTweetShare
Previous Post

10 Large-Cap Stocks Lining Up for Potential Earnings Surprises

Next Post

Ameriprise wealth profits jump 13% in Q4 2025

Related Posts

edit post
US stocks: US market ends higher as Amazon soothes AI jitters

US stocks: US market ends higher as Amazon soothes AI jitters

by TheAdviserMagazine
July 31, 2026
0

Wall Street ended higher on Friday, lifted by Amazon as the tech heavyweight's strong quarterly report bolstered investor confidence in...

edit post
Want to trade SpaceX for Apple? 1inch says skip the dollars

Want to trade SpaceX for Apple? 1inch says skip the dollars

by TheAdviserMagazine
July 31, 2026
0

1inch, a leading decentralized finance (DeFi) protocol, just announced the launch of it's new shared liquidity protocol, Aqua. It promises...

edit post
Chevron posts largest quarterly profit ever, Exxon income surges as Iran war squeezes oil supply

Chevron posts largest quarterly profit ever, Exxon income surges as Iran war squeezes oil supply

by TheAdviserMagazine
July 31, 2026
0

Chevron reported its largest quarterly net profit ever—$12.1 billion—on Friday as the Big Oil giants demonstrate how they’re reaping the...

edit post
NextEra Just Raised Its Large-Load Forecast to 8 Gigawatts. Here’s Why That Matters.

NextEra Just Raised Its Large-Load Forecast to 8 Gigawatts. Here’s Why That Matters.

by TheAdviserMagazine
July 31, 2026
0

Electric utilities don't typically raise long-term demand forecasts by one-third unless something meaningful has changed. Yet that's exactly what NextEra...

edit post
Undocumented Immigrant Population Surged to 15.8 Million in 2024

Undocumented Immigrant Population Surged to 15.8 Million in 2024

by TheAdviserMagazine
July 31, 2026
0

The Migration Policy Institute (MPI) recently released a report that recorded the growth of undocumented aliens in the US. According...

edit post
This rare and bullish signal just triggered for the Nasdaq – strategist

This rare and bullish signal just triggered for the Nasdaq – strategist

by TheAdviserMagazine
July 31, 2026
0

Jul 31, 2026, 11:17 AM ETNASDAQ Composite Index (COMP:IND)QQQ, QLD, QID, TQQQ, SQQQ, GBTC, BTC-USD, QQQM, BTCW, IBIT, BRRR, ARKB,...

Next Post
edit post
Bitcoin Upside Hinges On Liquidity Rising Above This Level, Glassnode Says

Bitcoin Upside Hinges On Liquidity Rising Above This Level, Glassnode Says

edit post
New Research: Untangle Healthcare’s Revenue Cycle Mess

New Research: Untangle Healthcare’s Revenue Cycle Mess

  • Trending
  • Comments
  • Latest
edit post
Georgia Senior SNAP and Meal Resources Older Adults Can Use

Georgia Senior SNAP and Meal Resources Older Adults Can Use

July 24, 2026
edit post
New Jersey Tax-Relief Events: Three July Dates Near Seniors

New Jersey Tax-Relief Events: Three July Dates Near Seniors

July 13, 2026
edit post
Bristlecone pines growing in the White Mountains of California germinated before the Great Pyramid was built, and the oldest one alive today, nicknamed Methuselah, has been quietly adding rings for 4,855 years in soil so poor almost nothing else survives beside it

Bristlecone pines growing in the White Mountains of California germinated before the Great Pyramid was built, and the oldest one alive today, nicknamed Methuselah, has been quietly adding rings for 4,855 years in soil so poor almost nothing else survives beside it

July 8, 2026
edit post
Retail giant exits U.S. fashion after multi-million-dollar scandal

Retail giant exits U.S. fashion after multi-million-dollar scandal

July 1, 2026
edit post
Top Democrats Are Trapped in a Catch 22

Top Democrats Are Trapped in a Catch 22

July 6, 2026
edit post
2 judges suspended in separate cases after being indicted on criminal charges

2 judges suspended in separate cases after being indicted on criminal charges

July 9, 2026
edit post
Elon Musk Launches X Money, X-Branded Visa Card. See New Feature

Elon Musk Launches X Money, X-Branded Visa Card. See New Feature

0
edit post
Judge Who Helped Violent Illegal Alien Evade ICE Faces New Test

Judge Who Helped Violent Illegal Alien Evade ICE Faces New Test

0
edit post
New Jersey’s PAS-1 Application Opens the Door to Three Senior Tax Relief Programs

New Jersey’s PAS-1 Application Opens the Door to Three Senior Tax Relief Programs

0
edit post
Nofar Energy buys 47.5% stake in Reindeer power station

Nofar Energy buys 47.5% stake in Reindeer power station

0
edit post
The Debt To GDP Ratio

The Debt To GDP Ratio

0
edit post
Uniswap Launches Tab Aims To Clean Up Token Discovery

Uniswap Launches Tab Aims To Clean Up Token Discovery

0
edit post
Uniswap Launches Tab Aims To Clean Up Token Discovery

Uniswap Launches Tab Aims To Clean Up Token Discovery

July 31, 2026
edit post
Elon Musk Launches X Money, X-Branded Visa Card. See New Feature

Elon Musk Launches X Money, X-Branded Visa Card. See New Feature

July 31, 2026
edit post
Clear Street launches pre-IPO platform, lists AI giant Databricks

Clear Street launches pre-IPO platform, lists AI giant Databricks

July 31, 2026
edit post
New Jersey’s PAS-1 Application Opens the Door to Three Senior Tax Relief Programs

New Jersey’s PAS-1 Application Opens the Door to Three Senior Tax Relief Programs

July 31, 2026
edit post
Free Transportation Programs Older Adults Can Request Before Medical Appointments

Free Transportation Programs Older Adults Can Request Before Medical Appointments

July 31, 2026
edit post
Psychology says the reason the most generous person you know goes home to a silent phone isn’t bad luck — it’s that giving without ever asking for anything back reads to other people as self-sufficiency, and nobody reaches out to someone who seems fine

Psychology says the reason the most generous person you know goes home to a silent phone isn’t bad luck — it’s that giving without ever asking for anything back reads to other people as self-sufficiency, and nobody reaches out to someone who seems fine

July 31, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Uniswap Launches Tab Aims To Clean Up Token Discovery
  • Elon Musk Launches X Money, X-Branded Visa Card. See New Feature
  • Clear Street launches pre-IPO platform, lists AI giant Databricks
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.