Google reportedly in advanced talks to acquire cyber startup Wiz for $23B
Google is in advanced talks to acquire cybersecurity firm Wiz for $23 billion, its largest deal. Wiz, founded in 2020, offers cloud security solutions. The move showcases Google's cybersecurity commitment and expansion strategy.
Read original articleGoogle is reportedly in advanced talks to acquire cybersecurity firm Wiz for $23 billion, potentially marking its largest-ever deal. Wiz, founded in 2020, has seen rapid growth under CEO Assaf Rappaport and was valued at $12 billion in May. The company offers cloud security solutions that provide insights into a company's cloud presence, appealing to firms with substantial computing resources. If the acquisition goes through, it would demonstrate Google's commitment to cybersecurity amid increasing threats from nation-state and criminal actors. Despite facing antitrust scrutiny, Google's interest in M&A seems strong, with previous talks of acquiring Hubspot. This potential deal with Wiz signifies Google's renewed focus on cybersecurity and expansion through strategic acquisitions.
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