Washington, USA – Alphabet’s Google and cybersecurity firm Waze have successfully overcome a major hurdle in completing their acquisition deal.
The deal, valued at $32 billion, was announced by the US government after it concluded its investigation into the operation.
Early termination
The two companies had announced their alliance last March, prompting the US Department of Justice to open an in-depth investigation into the deal.
According to a report by Bloomberg in June.
The decision to end the review, known as early termination, came on October 24.
It was published on the website of the U.S. Federal Trade Commission.
Asaf Rapaport, CEO of Waze, confirmed at a Wall Street Journal event on Tuesday that the Justice Department had completed its review.
The deal is under scrutiny
He noted that the deal is still under scrutiny by other antitrust regulatory bodies.
A Google spokesperson did not immediately respond to a request for comment outside of business hours.
This move is considered a positive indicator towards the completion of the deal, which is expected to bring about significant changes.
This is in the cybersecurity and technical services sector at the US and international market level.
