CosmicTaco

Google Acquires Wiz for $32 Billion in Cash

CosmicTaco · 2025-03-19T10:31:59.930908+05:30

- Google parent Alphabet has agreed to acquire cloud security firm Wiz for $32 billion in cash. - The deal comes less than a year after initial negotiations fell apart due to Wiz's desire to stay independent. - Wiz will join Google Cloud once the deal closes, pending regulatory approvals expected next year. - Alphabet's largest acquisition to date, the deal follows Wiz's rejection of a $23 billion bid last year. - The acquisition aims to enhance Google's cloud security offerings in the era of Artificial Intelligence. Source: [The Times Of India](https://timesofindia.indiatimes.com/business/international-business/google-to-acquire-cloud-security-co-wiz-for-32bn/articleshow/119186029.cms), [Hindustan Times](https://www.hindustantimes.com/business/google-buys-wiz-backer-sequoia-capital-to-reap-25-fold-return-from-the-deal-101742348211213.html)

Google parent Alphabet has agreed to acquire cloud security firm Wiz for $32 billion in cash.
The deal comes less than a year after initial negotiations fell apart due to Wiz's desire to stay independent.
Wiz will join Google Cloud once the deal closes, pending regulatory approvals expected next year.
Alphabet's largest acquisition to date, the deal follows Wiz's rejection of a $23 billion bid last year.
The acquisition aims to enhance Google's cloud security offerings in the era of Artificial Intelligence.

Source: The Times Of India, Hindustan Times