Google is set to buy cloud security company Wiz for $32 billion in its largest acquisition deal yet. The hefty price tag represents a significant jump from the estimated $23 billion Wiz was valued at in 2024. This move aims to help Google better compete with Microsoft and Amazon in the cloud market.
Despite the massive investment, Google’s shares have taken a hit, falling by 4% following the announcement. Wiz plans to maintain its products availability on other cloud platforms, ensuring minimal disruption to customers.
This deal highlights the growing importance of cloud security as companies navigate increasingly complex cybersecurity threats. As one of the largest tech giants, Google is looking to bolster its defenses and gain a competitive edge in this critical market.
Source: https://www.reuters.com/technology/cybersecurity/google-agrees-buy-cybersecurity-startup-wiz-32-bln-ft-reports-2025-03-18