Sunday, July 14, 2024

Google parent in advanced talks to buy cybersecurity startup Wiz for $23 billion

Alphabet is negotiating to acquire U.S.-Israeli cybersecurity startup Wiz for $23 billion. This would be its largest acquisition amid regulatory scrutiny. Wiz, generating $350 million revenue and serving 40% of Fortune 100 companies, valued at $12 billion. Discussions are confidential and follow Alphabet's decision not to acquire HubSpot. Neither company provided comments.

from Tech-Economic Times
via IFTTT

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