Google is in advanced talks to acquire cybersecurity startup Wiz for $23 billion, marking its largest acquisition and a significant move in cloud security.
Google's parent company, Alphabet, is in advanced discussions to acquire the cybersecurity startup Wiz for approximately $23 billion. This potential acquisition marks Google's largest ever, showcasing the tech giant's substantial investment in cloud security.
Key Points:
Deal Overview: Google is negotiating to purchase Wiz, a cloud cybersecurity software company, for about $23 billion.
Significance: If finalized, this acquisition would be Google’s largest, surpassing its $12.5 billion Motorola purchase.
Background: Talks began after Wiz raised $1 billion in venture capital earlier this year.
Strategic Move: The acquisition aligns with Google's strategy to enhance its cloud security capabilities, competing with Microsoft and Amazon.
Growth and Impact: Wiz has rapidly grown since its 2020 inception, now serving 40% of Fortune 100 companies, including notable clients like BMW, Slack, and Salesforce.
Regulatory Context: The deal unfolds amid heightened antitrust scrutiny, which could ease if political landscapes change.
Founders: Wiz was founded by Assaf Rappaport, Ami Luttwak, Yinon Costica, and Roy Reznik, all veterans of Israel's Unit 8200 cyber intelligence division.
Google's potential $23 billion acquisition of Wiz marks a significant strategic investment in cloud security. If completed, the deal would be Google's largest and pivotal move to strengthen its position in the competitive cloud market.
Source: CNN
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