Google intends to acquire the cybersecurity firm Wiz for $32 billion. This would be the largest acquisition in Google’s history and another step toward strengthening Google’s market power. Together with partners, we have submitted a formal submission to the European Competition Authority, urging a thorough investigation of this merger.
Competition authorities have been hesitant to use structural remedies in the recent past. This background paper documents that breakups are a perfectly feasible instrument of competition policy, with a track record of effectively tackling competition concerns.
In order to build a democratic digital future, the powerful tech companies must be broken up and public infrastructures strengthened. This is what we are calling for together with over 70 organizations in a new manifesto.
