Alphabet to Acquire Cybersecurity Startup Wiz for $30 Billion, According to WSJ

Alphabet is currently in advanced negotiations to purchase the cybersecurity startup Wiz for approximately $30 billion, as disclosed by a source familiar with the matter. An earlier deal, valuing Wiz at $23 billion last summer, fell through due to disagreements concerning the company's future organization and regulatory scrutiny, as detailed in The Wall Street Journal. Wiz, established in 2020 by ex-Israeli military officers, has witnessed its valuation escalate to $16 billion following its most recent funding round. Google Cloud is eyeing Wiz's cloud security offerings due to their promising potential for significant annual recurring revenue.