Google parent Alphabet to buy Wiz cybersecurity firm for $32 billion

Google owner Alphabet will buy cybersecurity firm Wiz for $32 billion — in a deal set to boost the tech giant's in-house cloud computing amid burgeoning artifical intelligence growth.

If closed, the cash transaction, announced Tuesday, would become Google's most expensive acquisition in the company's 25-year history. Wiz rejected a reported $23 billion buyout proposal from Alphabet last July.

The purchase gives Google new momentum in its efforts to compete in the cloud-computing business by offering more security for its services.