CosmicTaco
CosmicTaco
12mo

Google Eyes $33 Billion Wiz Acquisition

  • Alphabet Inc. is in talks to acquire cloud-security company Wiz Inc. for $33 billion, reviving discussions from last summer.
  • The deal would be Alphabet’s largest acquisition to date, aiming to boost its position in the competitive cloud-computing market.
  • Wiz previously turned down a $23 billion offer from Alphabet, opting to remain independent and pursue an IPO.
  • Regulatory scrutiny remains a concern, with antitrust regulators likely to examine the deal closely.
  • Wiz’s investors include Sequoia Capital, Index Ventures, Insight Partners, and Cyberstarts.

Source: Moneycontrol, Mint

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12mo ago
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