Google Poised for Record $23 Billion Acquisition of Cybersecurity Firm Wiz

1 min read
Source: Investor's Business Daily
Google Poised for Record $23 Billion Acquisition of Cybersecurity Firm Wiz
Photo: Investor's Business Daily
TL;DR

Google-parent Alphabet is in late-stage talks to acquire cybersecurity startup Wiz for approximately $23 billion, marking its largest acquisition to date. This move aims to bolster Google's cloud-computing business, which trails behind Amazon Web Services and Microsoft Azure. The deal, which could face regulatory scrutiny, would significantly enhance Google's cybersecurity capabilities, following its previous acquisitions of Mandiant and Siemplify.

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