Alphabet will buy cybersecurity startup Wiz for $32 billion, in a deal that represents the Google parent's biggest acquisition ever.

KEY TAKEAWAYS Google parent Alphabet has struck a deal to buy cybersecurity startup Wiz for $32 billion in an all-cash transaction, the tech giant’s largest acquisition ever. Wiz will join Google's cloud business if the deal is approved by regulators.

Alphabet Inc.’s Google was warned to step in line with the European Union’s Big Tech rules or risk hefty fines as part of a two-pronged escalation against Silicon Valley that risks further inflaming tensions with US President Donald Trump.

The European Commission has accused Alphabet of favoring its own services in Google Search and flagged Apple for limiting digital interoperability. Following continuous trade tensions between the European Union and the United States,

Chrome colossus accused of tilting search results, blocking cheaper purchases, while iTitan told to open iOS A year after kicking off its probe into three American tech giants, the European Union has fired off two sets of preliminary findings accusing Google parent Alphabet of failing to comply with Europe's monopoly-busting Digital Markets Act (DMA).