Google is close to making its biggest acquisition ever
Google owner Alphabet is in advanced discussions to buy fast-growing cybersecurity startup Wiz for roughly $23 billion, a person familiar with the matter confirmed to CNN.
A takeover of Wiz, which makes cybersecurity software for cloud computing, would represent a major bet by Google on cybersecurity, marking the tech giant’s biggest-ever acquisition.
Discussions between Google and Wiz began after the startup raised $1 billion from ventur... moreGoogle is close to making its biggest acquisition ever
Google owner Alphabet is in advanced discussions to buy fast-growing cybersecurity startup Wiz for roughly $23 billion, a person familiar with the matter confirmed to CNN.
A takeover of Wiz, which makes cybersecurity software for cloud computing, would represent a major bet by Google on cybersecurity, marking the tech giant’s biggest-ever acquisition.
Discussions between Google and Wiz began after the startup raised $1 billion from venture capital investors earlier this year, the source said.
Terms of a potential deal have not been finalized and talks could still collapse, according to the source.
News of the Google-Wiz talks was first reported by The Wall Street Journal.
Neither Google nor Wiz returned CNN’s requests for comment.
