CNBC March 18, 2025
Key Points
– Google on Tuesday signed a “definitive agreement” to acquire New York-based cloud security startup Wiz for $32 billion in an all-cash deal.
– In July, CNBC reported that Wiz walked away from a potential $23 billion acquisition by Google and announced to employees that it would pursue an initial public offering instead.
– The deal will be Google’s largest-ever acquisition.
Google on Tuesday signed a “definitive agreement” to acquire Wiz, the New York-based cloud security startup, for $32 billion in an all-cash deal, according to releases.
The deal, which will be Google’s largest-ever acquisition, will improve its cloud security offering in a world of advancing artificial intelligence threats. Wiz will become a part of the company’s cloud...
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