July 14th, 2024

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.

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Google reportedly in advanced talks to acquire cyber startup Wiz for $23B

Google 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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