PYMNTS.com July 14, 2024
Google is reportedly in talks to purchase cybersecurity startup Wiz for about $23 billion.
That’s according to a Sunday (July 14) report by The Wall Street Journal (WSJ), which pointed out that this would be Google’s largest-ever acquisition.
The tech giant is in advanced talks with Wiz and a deal could come soon, the report said, citing sources familiar with the matter.
The report noted that the proposed deal comes as Google and other Big Tech companies are dealing with strict scrutiny from antitrust regulators. It could also, the report said, help bolster the company’s efforts to compete with Microsoft and Amazon in the cloud computing space.
Google has been trying to grow its cybersecurity business, with an emphasis...
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