Reported about 22 hours 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