TECH - Google Parent Alphabet Reportedly Eyes $23B Acquisition Of Cybersecurity Firm Wiz To Take On Microsoft And Amazon: Top Analyst Expects 'Flurry Of Tech M&A On The Horizon' | Benzinga
Google parent Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) is reportedly in talks to acquire cybersecurity startup Wiz Inc. in a deal valued at $23 billion.
What Happened: Alphabet’s acquisition of Wiz, a New York-based firm specializing in cloud storage security, is not yet confirmed and could still fall through.
If completed, the acquisition would be the largest ever for Alphabet, reported Bloomberg, citing people familiar with the matter.
Wiz, founded in 2020, was valued at $12 billion in a funding round in May. If the deal proceeds, it would follow Alphabet’s $5.4 billion acquisition of cybersecurity firm Mandiant Inc. in 2022.