Google parent Alphabet Inc. is in advanced talks to buy cybersecurity startup Wiz in a deal that could fetch $23 billion, the Wall Street Journal reported, citing people with knowledge of the matter.
Google headquarters in Mountain View, California, US, on Monday, Jan. 30, 2023. Alphabet Inc. is expected to release earnings figures on February 2. Photographer: Marlena Sloss/Bloomberg --
The deal would be Alphabet’s largest acquisition ever and could come together “soon,” the newspaper said. A purchase of Wiz could help boost Alphabet’s efforts in cloud computing, an area in which it’s lagged competitors, the WSJ said. The deal would follow on its $5.4 billion purchase of fellow cybersecurity firm Mandiant Inc. in 2022, which was at the time one of its largest acquisitions ever.New York-based Wiz was valued at $12 billion during a May funding round that drew investors such as Andreessen Horowitz, Lightspeed Venture Partners and Thrive Capital.
Company News Industry Internet North America Technology Technology Services Communications Top News Unites States World Top World
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
City launching survey to gauge if voters willing to pay for Aquatic Centre repairsAlternate approval process requires 10 per cent disapproval to quash borrowing $23 million to fund project
Read more »
Only 96 memberships needed to hit target by deadline, YMCA saysSault YMCA nears goal of 2,400 members by Monday amid ongoing discussions with city
Read more »
Boeing-Spirit Aero Deal Nears Close as Airbus Unit Talks AdvanceAirbus SE is edging closer to an agreement with Spirit AeroSystems Holdings Inc. to take over parts of the aerospace supplier’s business, paving the way for an acquisition of the bulk of the company by arch-rival Boeing Co. as early as next week.
Read more »
'Talks have broken down': Union not hopeful deal will be reached with LCBO as deadline nearsThe union representing LCBO workers say it is not hopeful a deal will be reached at the strike deadline.
Read more »
Calgary mayor warns water use too high as possible end to restrictions nearsCALGARY — Calgary's mayor said it's unfortunate residents seem to have abandoned conservation efforts days before full water service is expected to be...
Read more »
Calgary mayor warns water use too high as possible end to restrictions nearsCALGARY — Calgary's mayor said it's unfortunate residents seem to have abandoned conservation efforts days before full water service is expected to be restored.
Read more »