Google, known for its innovative consumer internet services, is currently in discussions to acquire Wiz, a prominent cybersecurity start-up based in New York. The potential acquisition, valued at approximately $23 billion, would mark Google’s largest-ever acquisition, surpassing the purchase of Motorola Mobility in 2012.
Wiz, which was last valued at $12 billion, has caught Google’s attention due to its cutting-edge cybersecurity technologies and solutions. While the deal seems promising, there remains a possibility of the negotiations falling through, according to sources familiar with the matter.
Despite potential regulatory challenges, Google is determined to enhance its cloud-computing division through this acquisition, aiming to compete more effectively with industry leaders such as Amazon Web Services and Microsoft Azure.
Google’s proactive approach to the negotiations comes amidst ongoing antitrust scrutiny, with the Justice Department pursuing legal actions against the tech giant in relation to its search engine dominance and digital advertising-technology business. The outcome of these cases is eagerly anticipated, with a verdict expected later this summer.
Both Google and Wiz have refrained from commenting on the acquisition talks, and while the deal appears to be progressing, its finalization is contingent on various factors.
