Google’s parent company, Alphabet, is reportedly in advanced discussions to acquire Israeli cybersecurity firm Wiz for more than $30 billion, according to a source familiar with the matter. If finalized, this deal would mark Alphabet’s largest acquisition to date, significantly bolstering its presence in the cybersecurity and cloud infrastructure sectors.
The current offer represents a substantial increase from Alphabet’s previous bid of $23 billion, which Wiz declined in July 2024 due to concerns over potential antitrust challenges. At the time, Wiz indicated it would focus on pursuing an initial public offering (IPO) instead. Neither Alphabet nor Wiz has publicly commented on the renewed negotiations, and details of the deal remain subject to change.
The potential acquisition aligns with Alphabet’s strategy to expand its cloud infrastructure business, which generated over $43 billion in revenue last year. By integrating Wiz’s advanced cloud-based cybersecurity solutions, Alphabet could strengthen its offerings in a rapidly growing market. Wiz’s AI-powered platform helps businesses identify and mitigate critical risks across cloud platforms, serving high-profile clients such as Morgan Stanley and DocuSign.
The cybersecurity industry has seen heightened interest following last year’s global CrowdStrike outage, which underscored the importance of robust digital infrastructure protection. Wiz, which operates across the U.S., Europe, Asia, and Israel, has been on a growth trajectory, with plans to add 400 employees globally in 2024. The company was last valued at $12 billion during a private funding round in May 2024.
While the deal could face regulatory scrutiny, particularly under evolving antitrust policies, it reflects Alphabet’s commitment to securing a leading position in the cybersecurity space. As the tech giant continues to invest in cloud and AI-driven solutions, the acquisition of Wiz could prove to be a transformative move in an increasingly competitive market.
The outcome of these negotiations remains uncertain, but if successful, the deal could reshape the cybersecurity landscape and further solidify Alphabet’s dominance in the tech industry.
