Google is said to be in advanced talks to buy internet startup Wiz for $23 billion, which would be the global company's largest deal to date, the Wall Street Journal reported Sunday, citing people familiar with the matter, citing CNBC. I worked until.
Insiders told the leading international economic portal that an agreement could be reached soon.
Clever in 2020 was establishedand developed at a rapid pace. Asaf Rappaport Under the CEO. The startup's cloud-based security offering provides executives and cybersecurity professionals with insight into a company's entire cloud presence, which is attractive to large companies with significant computing resources.
Behind it is a list of major firms, including Israeli venture capital firm Cyberstarts, Index Ventures, Insight Partners, and Sequoia Capital.
If the deal goes through, it would be Google’s largest acquisition ever. It would also underscore the company’s continued presence in cybersecurity at a time when nation-states and criminal actors have been successful in disrupting governments and large organizations.
Google has made big online acquisitions before: The company bought Mandian two years ago for $5.4 billion. a company.
But the company is now facing an unprecedented level of antitrust scrutiny. The U.S. Department of Justice has sued Google twice on antitrust grounds, and the latest lawsuit, filed in 2023, has put the company’s acquisition practices in the spotlight.
But discussions with Waze suggest the company’s appetite is insatiable despite competitive concerns. CNBC previously reported that Google was in talks to acquire sales software maker Hubspot, but the deal ultimately fell through.
