Alphabet to Acquire Cybersecurity Startup Wiz for $32 Billion

Reported 1 day ago

Alphabet has announced its plan to acquire cybersecurity startup Wiz for approximately $32 billion, marking its largest deal to enhance cloud security and compete against giants like Amazon and Microsoft. This cash buyout follows Wiz's rejection of a previous $23 billion offer, and its advanced AI-powered security solutions are expected to strengthen Google Cloud's position in the rapidly growing industry. The deal is anticipated to close in 2026, pending regulatory approval.

Source: YAHOO

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