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Google to buy cybersecurity firm Wiz for $32 billion, the largest deal in company history
The all-cash deal is set to boost Alphabet’s profile in the cloud computing market, a space currently led by Amazon and Microsoft.
NEW YORK (AP) — Google will buy cybersecurity firm Wiz for $32 billion to boost the tech giant’s in-house cloud computing amid burgeoning artificial intelligence growth. The sale price announced this week is much more rich than the reported $23 billion buyout that Wiz rejected last July — opting to instead pivot back to a previously-planned initial public offering. Wedbush analysts called Google’s move to buy Wiz “a shot across the bow” at other tech giants, particularly Microsoft and Amazon, who have bet big on cyber security.
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