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Alphabet rises after report $32 billion Wiz deal clears DOJ antitrust review

RefinitivLess than 1 min read

** Shares of Alphabet GOOG rise 2.5% to $284.75

** Wiz CEO Assaf Rappaport said $32 billion acquisition of his cybersecurity company by the Google-owner has cleared a U.S. Justice Department antitrust review

** Rappaport spoke at a Wall Street Journal event on Tuesday

** GOOGL is trading near its record high of $291.59, which it hit last week

** The deal would be Alphabet's largest acquisition, integrating Wiz into Google's cloud unit and enhancing its cybersecurity solutions

** GOOGL is up 49.7% YTD vs NASDAQ Composite Index's IXIC 21.9% increase

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