Deal Would Be Google Parent’s Largest Ever, Amid Rising Enterprise Demand for Cloud Security Post-CrowdStrike Outage
Alphabet Inc. (GOOGL) the parent company of Google, is in advanced talks to acquire Israeli cybersecurity firm Wiz in a deal exceeding $30 billion, according to a source familiar with the matter. If finalized, this would mark Alphabet’s largest acquisition to date, significantly higher than its previous $23 billion offer, which Wiz rejected in July 2024 over antitrust concerns.
Wiz, a leader in cloud-based cybersecurity solutions powered by artificial intelligence, helps enterprises detect and eliminate critical risks on major cloud platforms. Its client base includes industry giants like Morgan Stanley and DocuSign, and the company works across platforms from Microsoft Azure to Amazon Web Services.
Alphabet’s renewed interest in Wiz highlights its strategic push to expand in the fast-growing cybersecurity market and enhance its cloud infrastructure business, which generated over $43 billion in revenue last year. The potential acquisition comes amid increased enterprise demand for robust cloud security solutions following the widespread CrowdStrike outage in 2024 that exposed vulnerabilities in digital infrastructures globally.
Despite neither company confirming the deal, the talks suggest Alphabet is aiming to fast-track growth in the security sector through high-profile acquisitions. The Wall Street Journal was the first to report on the negotiations.
While the potential deal could face regulatory scrutiny, particularly given Alphabet’s dominance in tech, some expect a more lenient antitrust environment under President Trump’s administration. Still, market uncertainty due to trade tensions and tariffs may influence the outcome.
Wiz, valued at $12 billion in May 2024, has about 900 employees globally and plans to hire 400 more. The deal’s final terms remain under negotiation, but a successful acquisition would signal Alphabet’s intent to dominate cloud security amid intensifying industry competition.
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