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Google plans biggest acquisition yet, cybersecurity firm Wiz – report
Google approaches its largest-ever acquisition, buying Wiz for $23 billion to improve cloud cybersecurity offerings.
Wiz has partnered with major tech players like Amazon, Microsoft, and Oracle, and has a customer base that includes prominent firms such as Morgan Stanley and DocuSign. If Alphabet, Google’s parent company, moves ahead with its acquisition of Wiz, it would mark a major, albeit rare, mega-deal within the tech industry under the intense regulatory gaze of U.S. President Joe Biden’s administration. The U.S. Justice Department has actively pursued Google with two major antitrust lawsuits —one challenging its dominance in search engines and another aimed at dismantling its digital advertising technology sector.
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