The Economic Danger Of Regulators Disallowing Google’s Wiz Purchase (From RealClearMarkets)

Google’s March 18 announcement that it has signed an agreement to buy Wiz, Inc., a leading cloud security platform headquartered in New York City, for $32 billion will be scrutinized by antitrust regulators in the United States and Europe. For U.S. regulators, the decision is a no-brainer – they should promptly approve it.

The Trump Administration should go further and urge European Union (EU) regulators to swiftly approve it, without conditions, as well.

In fact, a closer examination of the basics reveals that this transaction will promote greater competition within the United States and international tech sectors, better protect U.S. companies and government agencies from cyberattacks, and help strengthen America’s lead in AI. Paul Steidler discusses this in an Op-Ed in RealClearMarkets here.