Google's parent company, Alphabet, is nearing a monumental acquisition of the cybersecurity firm Wiz for an estimated $23 billion, according to an insider who shared details on Sunday under the condition of anonymity, reported Reuters. This acquisition would mark the largest in Alphabet's history.
Primarily financed through cash, the deal could be finalized shortly, the report from the wire indicated. Wiz, an Israeli-founded startup now based in New York, has rapidly emerged as a leading player in the cloud-based cybersecurity sector, offering real-time threat detection and AI-powered response solutions.
Should Alphabet proceed, this acquisition would stand out as a significant move by a major tech corporation amid increased regulatory scrutiny during President Joe Biden's tenure. U.S. regulators have increasingly resisted large-scale acquisitions by tech giants in recent years.
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