Google is buying Wiz for $32B to beef up in cloud security, sources say

Google is making the biggest acquisition in its history. The company’s parent company Alphabet is acquiring Wiz, the cloud security startup, for $32 billion, our sources say. The deal will still need regulatory and other approvals before closing. From what we can see, Google and Wiz have yet to confirm anything official. Other outlets are also reporting the deal is done. The deal has been on-again off-again for nearly part of a year and appeared to revive again this week, with Thomas Kurian — the CEO of Google Cloud — in Europe at the moment. (Assaf Rappaort, the CEO of New York-based Wiz, is currently in Israel.) Last year, Google offered to buy Wiz for $23 billion, but the talks fell apart, sources say over concerns about antitrust issues, Wiz’s autonomy for development under Google Cloud and potentially even the price tag. At the time of the deal talks, Wiz was valued at $12 billion based on a $1 billion funding round earlier in the year. For its part, Google has been interested ... Read full article.