Alphabet will buy fast-growing startup Wiz for $32 billion, the company’s biggest deal ever
Google’s parent company Alphabet will buy fast-growing startup Wiz for about $32 billion. This is the biggest deal so far. Google’s parent company is doubling down on cybersecurity to accelerate its lead in the cloud-computing race against Amazon.com and Microsoft. After the acquisition, Wiz will be made a part of Google’s cloud unit. This will strengthen the company’s efforts in cybersecurity solutions. Wiz co-founder and CEO Asaf Rappaport has given information about this deal in one of his blog posts. He said that we have signed a deal to be acquired by Google. This deal is subject to regulatory review, and after the deal is completed, Wiz will join Google Cloud.
More money had to be paid than before
According to the news, however, this price of $ 32 billion is much higher than last year when Alphabet offered $ 23 billion to buy Wiz. However, this deal still needs some regulatory and other approvals before reaching the final round. Let us tell you, earlier Alphabet bought Motorola Mobility in the year 2011, for which it paid $ 12.5 billion. Let us tell you that this deal between Alphabet and Wiz is to be done completely in cash.
Wiz works with cloud providers like Amazon Web Services, Microsoft’s Azure and Google Cloud. Morgan Stanley, Open New Tab, BMW, Open New Tab and LVMH, Open New Tab are its customers. Wiz’s products will be available on other major cloud services. Alphabet hopes that this deal will be completed in 2026.
Alphabet shares fall
Alphabet shares fell by about 3%. The stock had fallen about 13% this year before Tuesday on concerns about its heavy AI spending against the emergence of low-cost Chinese deepseek and a decline in the tech giants that have led the market for the past two years.
