Deal follows trend among tech giants consolidating positions by acquiring smaller companies, but regulatory review and antitrust actions may pose challenges to completion
Google parent company Alphabet in advanced talks to acquire cybersecurity startup Wiz for approximately $23 billion
Google reportedly willing to fight for acquisition to beef up cloud-computing division and catch up in competitive cloud market
Google's acquisition of Wiz comes as the tech giant faces antitrust scrutiny from regulatory bodies including the Biden administration
Wiz, a New York-based company founded in 2020, provides cloud security services with real-time threat detection and responses powered by artificial intelligence
Google parent company Alphabet is in advanced talks to acquire cybersecurity startup Wiz for approximately $23 billion. This would be Alphabet's largest acquisition to date, surpassing its previous record of $5.4 billion when it bought cybersecurity firm Mandiant in 2022.
Wiz, a New York-based company founded in 2020, provides cloud security services with real-time threat detection and responses powered by artificial intelligence. The startup had raised $1 billion during its May funding round and was valued at $12 billion.
Google's acquisition of Wiz comes as the tech giant faces heightened antitrust scrutiny from regulatory bodies, including the Biden administration. Google has been sued by the Justice Department in two separate antitrust cases, one targeting its search engine and another seeking to break up its digital advertising-technology business.
Despite these challenges, Google is reportedly willing to fight for the acquisition of Wiz to beef up its cloud-computing division. The deal could also help Google catch up in the increasingly competitive cloud market, where Amazon Web Services and Microsoft Azure currently dominate.
The potential acquisition of Wiz follows a trend among tech giants consolidating their positions by acquiring smaller companies. However, regulatory review and antitrust actions may pose challenges to the deal's completion.
Wiz was founded in March 2020 and secured investments from Salesforce, Blackstone, and Algae within less than a year.
If the acquisition goes through, it will be Google’s largest acquisition to date.
Accuracy
Alphabet is closing in on a deal to buy cybersecurity startup Wiz for approximately $23 billion.
Google may be willing to fight regulatory scrutiny to complete the acquisition and beef up its cloud-computing division.
An agreement hasn’t been reached and talks could still end without one.
Wiz connects to cloud storage providers such as Amazon Web Services or Microsoft Azure and identifies and scans data stored in the cloud, looking for and removing security risks.
Deception
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None Found At Time Of
Publication
Fallacies
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No formal fallacies found. There are some inflammatory rhetorics and appeals to authority. The author uses phrases like 'search engine giant' and 'antitrust scrutiny from the Biden administration' to evoke certain emotions or opinions.
. . . search engine giant is in advanced talks to buy the startup, and a deal is imminent, assuming those talks don’t fall apart.
. . . Alphabet’s potential acquisition of Wiz comes at a time of great antitrust scrutiny from the Biden administration.
Alphabet Inc. is in talks to acquire cybersecurity startup Wiz Inc.
The transaction could total as much as $23 billion.
This would be Alphabet’s largest acquisition to date.
An agreement hasn’t been reached and talks could still end without one.
Google has been ramping up its investment in its cloud business, including offering more generative artificial intelligence tools for clients.
The cloud unit has been profitable in consecutive quarters after years of being a money-losing operation.
Wiz connects to cloud storage providers such as Amazon Web Services or Microsoft Azure and identifies and scans data stored in the cloud, looking for and removing security risks.
Alphabet has previously acquired cybersecurity firm Mandiant Inc. for $5.4 billion
