Alphabet Nears Acquisition of Cybersecurity Startup Wiz in $23 Billion Deal: WSJ Report

Money | July 15, 2024, 12:33 a.m.

Alphabet, the parent company of Google, is on the brink of finalizing a deal to acquire cybersecurity startup Wiz for a whopping $23 billion, according to sources familiar with the negotiations. Wiz, founded in 2020, quickly rose to become one of the fastest-growing startups in the industry. If the talks are successful, this acquisition would be Google's largest to date, marking a significant move in the tech giant's efforts to bolster its cloud security capabilities. The deal underscores Alphabet's commitment to staying ahead in the ever-evolving world of cybersecurity. Stay informed with exclusive business news by becoming a Business Insider subscriber today.