Google in Advanced Talks to Acquire Wiz for $23 Billion in Largest-Ever Deal

Jul 14, 2024, 05:20 PM

Google parent Alphabet is in advanced talks to acquire cybersecurity startup Wiz for approximately $23 billion. This acquisition, if finalized, would be the largest in Google's history. Wiz, an Israeli cybersecurity company, was last valued at $12 billion. The deal represents a significant win for investors including A16Z, Lightspeed, Sequoia, and Thrive. The Wall Street Journal first reported the news, highlighting the strategic importance of the acquisition in bolstering Google's cybersecurity capabilities. The acquisition would also be Google's biggest acquisition ever. $GOOGL