Alphabet agrees to buy Wiz for at least US$32b: FT
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More news: Google parent Alphabet has agreed to buy cybersecurity startup Wiz for up to US$32 billion ($50.2 billion), according to sources cited by the Financial Times. The all-cash deal will be the largest of 2025 so far, and will extend an additional retention bonus to employees which could be worth an extra US$1 billion. The sale would be likely to face regulatory scrutiny from the Federal Trade Commission (FTC), as new FTC chair Andrew Ferguson has maintained his predecessor’s guidelines which allow the agency to block large deals.
The FT reports that the deal to expected to be formally announced on Tuesday.
Alphabet revives US$33b Wiz bid in biggest-ever deal, reports say
The news: Google parent Alphabet is once again in advanced talks to acquire cybersecurity startup Wiz for up to USD33 billion, according to media reports citing unnamed sources.
A deal, first reported by The Wall Street Journal, could be announced as soon as Tuesday and may be worth up to USD33 billion ($52 billion), according to Bloomberg sources.
The numbers: Alphabet had been close to a roughly USD23 billion deal for Wiz last summer, before talks fell apart, with Wiz opting to pursue an initial public offering instead.
The context: The acquisition would mark Google's largest ever deal. Wiz, which offers cybersecurity software for cloud computing, works with several of the largest cloud companies, including Amazon and Microsoft, as well as Google.
Adding Wiz's cybersecurity offerings would help Alphabet compete with its larger cloud competitors, Amazon Web Services and Microsoft's Azure.
Wiz and Google have not commented.
The sources: WSJ, Reuters, Bloomberg, Financial Times
