Alphabet Inc.’s Google was warned to step in line with the European Union’s Big Tech rules or risk hefty fines as part of a two-pronged escalation against Silicon Valley that risks further inflaming tensions with US President Donald Trump.

The European Commission has accused Alphabet of favoring its own services in Google Search and flagged Apple for limiting digital interoperability. Following continuous trade tensions between the European Union and the United States,

KEY TAKEAWAYS Google parent Alphabet has struck a deal to buy cybersecurity startup Wiz for $32 billion in an all-cash transaction, the tech giant’s largest acquisition ever. Wiz will join Google's cloud business if the deal is approved by regulators.

Google parent Alphabet Inc. agreed to acquire cybersecurity firm Wiz Inc. for $32 billion in cash, reaching a deal less than a year after initial negotiations fell apart because the

Alphabet Inc., the parent company of Google LLC, is reportedly in advanced talks to acquire Israeli cloud security firm Wiz Inc. for around $30 billion.