Alphabet to Acquire Wiz in Record $32 Billion Deal

The acquisition of the cybersecurity firm aims to bolster Google Cloud's competitiveness while addressing regulatory concerns over antitrust issues.

Alphabet has signed a binding agreement to purchase Wiz, a leading cloud cybersecurity firm, for $32 billion in cash, marking its largest acquisition ever.
The deal seeks to enhance Google Cloud's position in the cloud computing market against rivals like Amazon Web Services and Microsoft Azure.
Wiz, founded in 2020, has rapidly grown into a major player in cloud security with operations in New York and Israel.
Alphabet is addressing regulatory concerns by ensuring Wiz's technology remains accessible to competitors, with the deal pending FTC approval.
The acquisition underscores Alphabet's focus on addressing cybersecurity challenges in the evolving AI and cloud computing landscape.