Alphabet nears $30 billion acquisition of Wiz

Alphabet, Google's parent company, is in advanced talks to acquire cybersecurity startup Wiz for around $30 billion, potentially marking its largest acquisition to date. This comes after a previous attempt to secure a deal at a $23 billion valuation was halted last summer, partly due to investor concerns over regulatory scrutiny and an IPO plan from Wiz. Wiz specializes in cloud-based cybersecurity solutions and has partnerships with major tech companies including Google, Microsoft, and Amazon. If finalized, the acquisition would significantly enhance Google's cloud computing capabilities, which generated over $43 billion in revenue last year. However, the deal is likely to face regulatory examinations amid increased scrutiny of large tech transactions. Industry analysts note that the renewed negotiations may reflect a more favorable environment for mergers and acquisitions under the current FTC leadership.