European regulators approve Google's $32 billion cybersecurity deal while investigating its ad practices

European Union regulators have given the green light to Google's massive $32 billion acquisition of the Israeli cybersecurity company Wiz. This is a major deal for Google's cloud security business.

At the same time, the EU is investigating Google over allegations that it artificially inflates online advertising costs, which the European Commission says is unfair to advertisers. These are two separate regulatory actions happening concurrently.