Today, Google has announced its largest acquistion to date, agreeing to purchase cybersecurity firm Wiz for a staggering $32 billion in an all-cash deal.
Wiz, a rapidly growing startup founded in Israel, has quickly become a majoy player in the cloud security speace. It's AI driven solutions have attracted an ipressive clientele including 50% of Fortune 100 companies.
The timing of this deal is particularly noteworthy. It comes after a previous attempt by Google to acquire Wize for $23 billion fell through in 2024 due to antitrust concerns.
This acquisition bolsters Google Cloud's security capabilities, positioning it more competitively against industry giants.
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