Reported 3 months ago
Alphabet's reported $23 billion bid to acquire cybersecurity firm Wiz may encounter scrutiny from US competition watchdogs, leading to possible delays and legal challenges. Regardless of the administration in power, whether the current or a new one next year, the deal is likely to face regulatory hurdles and antitrust concerns. Both the Biden and Trump administrations have shown a focus on addressing anticompetitive behavior in the tech industry, suggesting that Alphabet could be in for a prolonged review process if the acquisition moves forward.
Source: YAHOO