Google is reportedly in advanced discussions to acquire Israeli cybersecurity start-up Wiz for $23 billion, according to a Wall Street Journal report. This deal, involving Google’s parent company, Alphabet, would mark the largest acquisition in the company’s history. The report suggests that negotiations are nearing a conclusion, indicating that the transaction could be finalized soon if talks proceed smoothly.
The potential acquisition comes at a time when Alphabet is under significant antitrust scrutiny, alongside other major tech firms. Despite this regulatory pressure, Alphabet’s interest in Wiz underscores its strategic push to strengthen its position in the cloud computing market. This move is seen as an effort to close the gap with competitors, leveraging Wiz’s cybersecurity capabilities to enhance its cloud services and infrastructure.
Source: www.jpost.com