Google acquires cybersecurity firm Wiz for $32 billion

Google’s parent company, Alphabet, has announced its largest-ever acquisition, entering into a deal to buy New York-based cybersecurity firm Wiz, making it a part of its Google Cloud division. This is the company’s second attempt to buy Wiz after talks stalled last year at a lower $23 billion evaluation. Wiz is a fast-growing Israeli-founded startup that works with companies like Microsoft and Amazon to provide cloud-based cybersecurity solutions. The company was valued at $12 billion in May 2024, which reportedly climbed to $16 billion later in the year in an equity offering to employees, and has been working towards an initial public offering (IPO) in the months since the previous acquisition fell through. Should the deal receive regulatory approval, it will easily outsize the $12.5 billion paid by Google for Motorola Mobility in 2012. “We expect this change to enable us to execute and innovate even faster,” said Wiz cofounder and CEO Assaf Rappaport in a blog post. “Becoming part ... Read full article.