Google on the verge of acquiring cloud security company Wiz for $23B
Alphabet is in advanced talks to acquire cloud security company Wiz for $23 billion. Wiz scans data from major platforms for security risks. The potential deal aims to boost Google's cloud business.
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Alphabet, Google's parent company, is reportedly in advanced talks to acquire cloud security company Wiz for approximately $23 billion. Wiz specializes in cloud security by scanning data from various platforms like Amazon Web Services, Microsoft Azure, and Google Cloud for security risks. This potential acquisition is seen as a strategic move to strengthen Google's cloud business, which showed significant growth in the first quarter of the year. Wiz, founded by former Microsoft employees, recently raised $1 billion in funding and had plans to go public before the potential acquisition by Alphabet. The deal, if finalized, would mark Alphabet's largest acquisition to date. Both Google and Wiz have not yet commented on the reported acquisition talks.
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