Google Reportedly in Talks to Buy Cybersecurity Firm Wiz for $23B USD
It would mark the company’s largest deal of all time.
Google’s parent company Alphabet is gearing up to buy the cybersecurity firm Wiz for $23 billion USD, The Wall Street Journal reported first, citing people familiar with the matter.
The New York-based Wiz was launched in 2020 by founders who had previously created another cloud security startup called Adallom. Three years after Adallom’s founding, the startup was acquired by Microsoft in 2015 for a reported $320 million USD.
Wiz analyzes infrastructure to determine security vulnerabilities, including potential soft spots where hackers could obtain users’ personal data. The company was valued at $12 billion USD earlier this year when it was raising $1 billion USD in funds.
The deal would mark Google’s largest acquisition ever and would bolster Google’s cloud computing capabilities with greater protection.
The company could, however, be blocked in its efforts to acquire Wiz, given it’s come under fire for its dominance over the tech space and was sued by the Department of Justice just last year on alleged antitrust violations.
