Google has announced a deal to acquire privately held cybersecurity firm Wiz for $32 billion, its largest-ever acquisition. The all-cash takeover represents a significant bet on cloud security and cybersecurity, which is experiencing rapid growth with the increasing use of artificial intelligence.
Wiz, founded just five years ago, has seen explosive growth since its launch. The company’s software helps protect cloud computing systems from cyber threats. In talks last summer, Wiz was valued at $23 billion but ultimately decided to pursue an initial public offering instead.
The acquisition surpasses Google’s previous biggest deal in 2012 when it bought Motorola Mobility for $12.5 billion. The deal must be approved by regulators and comes after a period of reduced M&A activity due to financial market turbulence.
Some analysts, however, see the deal as a sign that the tech industry is recovering from its recent slump. With former Federal Trade Commission chair Lina Khan no longer in charge, dealmakers are now seeing an increase in Big Tech mergers.
Source: https://edition.cnn.com/2025/03/18/tech/google-wiz-acquisition/index.html