Google to acquire cloud security startup Wiz for $32 billion

Assaf Rappaport, Wiz, on Centre Stage during day one of Web Summit 2021 at the Altice Arena in Lisbon, Portugal. Google on Tuesday signed a "definitive agreement" to acquire Wiz, the New York-based cloud security startup, for $32 billion in an all-cash deal, according to releases. The deal will improve the company's cloud security offering in a world of advancing artificial intelligence threats. Wiz will become a part of Google's cloud business. "Google Cloud is a leader in cloud infrastructure, with deep AI expertise and a track record of industry-leading security innovation," Google said in a release. "Bringing all this to Wiz will help make their solutions even better and more scalable, benefiting customers and partners across all major clouds." The Wall Street Journal first reported Monday that the companies were in advanced discussions to close a deal. Initial talks between the companies fizzled in July, when CNBC reported that Wiz walked away from a potential $23 billion acq ... Read full article.