Alphabet to Acquire Cybersecurity Startup Wiz for $32 Billion

Largest Acquisition in Alphabet’s History

Alphabet Inc., the parent company of Google, has agreed to acquire cybersecurity startup Wiz for at least $32 billion. This marks the largest acquisition in the company’s history, surpassing the $12.5 billion purchase of Motorola Mobility in 2012.

About Wiz and Its Growth

Founded in 2020 by Israeli cyber intelligence veterans, Wiz specializes in AI-driven cloud-based cybersecurity solutions. The company has rapidly expanded, securing contracts with nearly half of the top 100 companies in the United States.

Strategic Move to Strengthen Cloud Security

This acquisition is a strategic effort by Alphabet to enhance its cloud security offerings, positioning itself more competitively against rivals such as Microsoft and Amazon.

Regulatory Challenges and Previous Negotiations

Regulatory scrutiny is expected, with the Federal Trade Commission likely to review the deal closely. A previous attempt to acquire Wiz for $23 billion was abandoned last year due to antitrust concerns. The renewed negotiations and increased valuation reflect the growing significance of cybersecurity in the tech industry.

“Alphabet to Acquire Cybersecurity Startup Wiz for $32 Billion”