Alphabet in Advanced Talks for $23 Billion Acquisition of Cybersecurity Firm Wiz

The deal, which would be Google's largest ever, aims to enhance its cloud security capabilities and compete with Amazon and Microsoft.

Wiz, founded in 2020, offers tools to scan cloud infrastructure for security threats.
The acquisition would significantly bolster Google's cybersecurity offerings, following its $5.4 billion purchase of Mandiant.
Wiz has rapidly grown, securing contracts with 40% of the Fortune 500 and raising nearly $2 billion in venture capital.
The cybersecurity market is seeing increased consolidation, with 120 deals valued at $12.4 billion in the first half of 2024.
Regulatory scrutiny is expected, given Alphabet's ongoing antitrust challenges and the deal's substantial size.