Alphabet back in talks to buy cybersecurity startup Wiz for $30 billion, source says
The Hindu
Google-parent Alphabet is in advanced talks to acquire cybersecurity startup Wiz for around $30 billion, a source said.
Google-parent Alphabet is in advanced talks to acquire cybersecurity startup Wiz for around $30 billion, a source familiar with the matter said on Monday, potentially marking the tech giant's largest deal to date.
The deal hasn't been signed and could still change, the person said.
Alphabet and Wiz did not immediately reply to Reuters requests for comment.
The Wall Street Journal on Monday first reported the news of the talks between the companies, citing people familiar with the matter.
Wiz had called off a $23-billion deal with Alphabet last year to focus on its initial public offering.
The startup provides cloud-based cybersecurity solutions powered by artificial intelligence that help companies identify and remove critical risks on cloud platforms.
A buyout of this size will most likely face regulatory scrutiny as tech giants are kept under close watch for possible monopolistic practices.
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