Alphabet in Advanced Talks to Acquire Wiz for $30 Billion

Alphabet Inc. is in advanced discussions to acquire the cybersecurity startup Wiz for approximately $30 billion, reviving negotiations that were previously halted last summer. This potential deal, which could be finalized soon, would represent Alphabet's largest acquisition to date and significantly enhance its cybersecurity capabilities amidst competition with Microsoft and Amazon. Wiz, known for its AI-driven cloud security solutions, had initially opted to pursue an IPO instead of accepting a $23 billion offer from Alphabet last year. If successful, the acquisition would not only bolster Google Cloud's offerings but also set a new benchmark for Israeli tech acquisitions, surpassing Intel's $15 billion purchase of Mobileye. The renewed talks reflect a strategic move by Alphabet to secure essential cybersecurity technology, especially as market demand for cloud security services continues to grow. Both Alphabet and Wiz have declined to comment on the ongoing negotiations.