NEW YORK (Reuters) -Google parent Alphabet is in advanced talks to acquire cybersecurity startup Wiz for roughly $23 billion, a person familiar with the...
NEW YORK -Google parent Alphabet is in advanced talks to acquire cybersecurity startup Wiz for roughly $23 billion, a person familiar with the matter told Reuters on Sunday.
If Alphabet moves ahead with its bid to acquire Wiz, it would mark its biggest acquisition ever and be a rare example of a major technology company attempting a megadeal amid heightened regulatory scrutiny of the sector under U.S. President Joe Biden's administration.Wiz, which is headquartered in New York and has research and development facilities in Tel Aviv, generated about $350 million in revenue in 2023 and works with 40% of Fortune 100 companies, according to its website.
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