EU grants approval for GOOGL's $32 billion acquisition of cloud security firm Wiz
u/Not69Batman ·
Reddit — r/stocks
· February 11, 2026 at 02:29
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The European Commission yesterday officially granted unconditional approval for Google’s $32 billion acquisition of the cloud cybersecurity firm Wiz. Regulators concluded the deal won't stifle cloud competition and that Google won't gain an unfair data advantage over rival cloud service platforms through Wiz’s multi cloud access.
The US DoJ gave the green light in Nov 2025. Only regional reviews in Israel, UK and Australia remain. The deal is on track to officially close later this year.
Wiz hit $1billion annual recurring revenue in late 2025 with a projected 40% growth in 2026. 50% of Fortune 100 companies are Wiz customers.
As an all cash deal, there will be a slight short term EPS hit for GOOGL due to lost interest income on cash reserves.
Wiz is a high margin SaaS business that will help lift Google Cloud’s overall operating margins as the cloud security total addressable market size continues to expand.
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Position: Holding and accumulating GOOGL since 2021. Not financial advice.