An acquisition would be Google’s biggest ever and would come amid heightened scrutiny in Washington of competition in the technology industry. Read More...
Google parent in talks to buy cybersecurity startup Wiz for $23 billion
NEW YORK (Reuters) -Google parent Alphabet is in advanced talks to acquire cybersecurity startup Wiz for roughly $23 billion, a person familiar with the matter said on Sunday, in a deal that would represent the technology giant’s biggest acquisition ever. Wiz, founded in Israel and now headquartered in New York, is one of the fastest-growing software startups globally, providing cloud-based cybersecurity solutions with real-time threat detection and responses powered by artificial intelligence. If Alphabet moves ahead with the deal, it would be a rare example of a major technology company attempting a mega-deal amid heightened regulatory scrutiny of the sector under U.S. President Joe Biden’s administration.
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