In a groundbreaking move, Google’s parent company Alphabet is in advanced negotiations to acquire cybersecurity startup Wiz for approximately $ billion. This acquisition, primarily funded in cash, would be the largest in Google’s history, surpassing previous deals like Motorola Mobility. Founded in Israel and headquartered in New York, Wiz is a rapidly growing company that offers cloud-based cybersecurity solutions powered by artificial intelligence. The acquisition is seen as a strategic effort to enhance Google’s cybersecurity capabilities amid increasing cyber threats and regulatory scrutiny in the tech industry. With revenues of $ million in and a clientele including % of Fortune companies, Wiz has become a significant player in the cybersecurity sector. If completed, this deal would mark a significant milestone in the tech industry's consolidation trend this year.
