- Google is in advanced talks to acquire cybersecurity firm Wiz for $23 billion, The Wall Street Journal reported Sunday, citing people familiar with the matter.
- The people familiar told the Journal that a deal could come soon.
- If completed, the deal would be Google’s largest ever acquisition.
Google
is in advanced talks to acquire cybersecurity firm Wiz for $23 billion, The Wall Street Journal reported Sunday, citing people familiar with the matter.
The people familiar told the Journal that a deal could come soon.
Wiz was founded in 2020, and has grown at a rapid clip under CEO Assaf Rappaport. It had been eyeing an IPO as recently as May, when the company achieved a valuation of $12 billion.
A representative for Wiz declined to comment.
Wiz’s cloud security offering gives executives and cybersecurity professionals insight into the company’s full cloud presence, something appealing to large firms with significant computing resources. It is backed by a roster of blue chip firms, including Israeli VC firm Cyberstarts, Index Ventures, Insight Partners and Sequoia Capital.
www.cnbc.com/2024/07/14/google-wiz-cybersecurity-deal-largest-ever.html