Reported 1 day ago
Alphabet, Google's parent company, is in advanced discussions to acquire Israeli cybersecurity company Wiz for over $30 billion, surpassing a previous $23 billion offer from last year that was canceled due to antitrust concerns. This potential acquisition would significantly enhance Alphabet's presence in the cybersecurity sector and support its growing cloud infrastructure business, which generated over $43 billion in revenue last year. Despite the ongoing negotiations, no formal agreement has been made yet and the deal may still change.
Source: YAHOO