Brussels – The Open Markets Institute, Balanced Economy Project, Rebalance Now, SOMO, and ARTICLE 19 released the following statement condemning the European Commission’s decision to allow Google to acquire cloud security firm, Wiz, against expert recommendations for a deeper assessment of the deal:
“Civil society organisations across Europe seriously regret the European Commission’s decision to unconditionally clear Google’s proposed acquisition of Wiz. The decision runs counter to lessons drawn from past under-enforcement in the digital sector, the Commission’s stated objectives of strict application of competition rules to Big Tech and the growing systemic risks arising from cloud concentration.