Google's parent company Alphabet is in advanced negotiations to acquire cloud cybersecurity startup Wiz for approximately $30 billion, marking a significant premium over Wiz's previous valuation. The acquisition would bolster Google Cloud's cybersecurity capabilities and become one of the largest deals of 2025. Wiz provides AI-powered cloud security solutions and works with major cloud providers. Despite previous plans for an IPO, Wiz appears to have reconsidered amid renewed acquisition interest.
image sourced from original article at https://timesofindia.indiatimes.com/technology/tech-news/google-likely-back-in-deal-to-buy-israeli-startup-wiz-after-a-failed-attempt-in-2024-heres-what-the-new-offer-is/articleshow/119149855.cmsOriginal article source: https://timesofindia.indiatimes.com/technology/tech-news/google-likely-back-in-deal-to-buy-israeli-startup-wiz-after-a-failed-attempt-in-2024-heres-what-the-new-offer-is/articleshow/119149855.cms
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