Google snags cybersecurity firm Wiz for $23 billion in acquisition

TLDR:

Google is in advanced talks to acquire cybersecurity firm Wiz for $23 billion, marking its largest purchase yet. Wiz, founded in 2020, has rapidly grown in the cybersecurity space and offers cloud security solutions. Google’s strategic focus on cybersecurity aligns with the increasing sophistication of cyber threats. However, this acquisition comes amidst antitrust scrutiny of Google’s acquisition practices.

Google to Acquire Cybersecurity Firm Wiz for $23 Billion

Google is reportedly in advanced discussions to acquire the cloud security firm Wiz for a staggering $23 billion. This potential acquisition would show Google’s commitment to enhancing its cybersecurity infrastructure in response to growing threats.

Founded in 2020, Wiz has quickly become a strong player in the cybersecurity landscape under the leadership of CEO Assaf Rappaport. The company’s innovative cloud security offerings have garnered significant investment and attention.

If finalized, this acquisition would reinforce Google’s position as a leader in cybersecurity, but it also comes amid increased antitrust scrutiny of its acquisition practices by regulatory authorities.

Google’s interest in Wiz signals a strategic focus on cybersecurity in response to the evolving cyber threat landscape and the need for robust security measures in the digital world.

About the Author

Divya is a Senior Journalist at Cyber Security news, covering cyber attacks, threats, breaches, vulnerabilities, and other developments in the cybersecurity realm.