Alphabet’s Class C shares rebounded after EU regulators approved its $32 billion acquisition of cybersecurity firm Wiz, lifting a significant antitrust hurdle. The company also raised £1 billion through a rare 100-year sterling bond within a larger $31.51 billion global bond raise, signaling the increasing capital demands of the AI race. Despite this, the European Publishers Council filed an antitrust complaint regarding Google’s AI Overviews, accusing it of using content without consent or fair compensation.
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GOOG stock rebounds as Alphabet clears $32 billion Wiz hurdle and sells rare 100-year bond
Alphabet’s Class C shares rebounded after EU regulators approved its $32 billion acquisition of cybersecurity firm Wiz, lifting a significant antitrust hurdle. The company also raised £1 billion through a rare 100-year sterling bond within a larger $31.51 billion global bond raise, signaling the increasing capital demands of the AI race. Despite this, the European Publishers Council filed an antitrust complaint regarding Google’s AI Overviews, accusing it of using content without consent or fair compensation.