Alphabet, the parent firm of Google, agreed to buy Wiz for$ 32 billion on Tuesday. The agreement, which is simply the largest in Google’s past, strengthens its cloud business as it squares off against rival tech companies like Microsoft and Amazon.
In its statement regarding the deal, Google and Wiz said they” share a vision to increase safety by making it easier and faster for businesses of all types and sizes to protect themselves, end-to-end, across all major clouds.” This will encourage the growth and adoption of cloud computing, the use of multicloud, and competitors and growth.
The$ 32 billion all-cash package is anticipated to shut in 2026. Google’s merger ranks second only to Motorola Mobility’s$ 12 billion purchase from Google as the most costly deal in the company’s history.
Wiz, which was established in 2020, has provided sky security management services to Google, Amazon Web Services, Microsoft Azure, and Oracle. The agreement comes after Google second approached Wiz about a$ 23 billion merger last summer, which Wiz declined to accept.
According to CNBC, Wiz co-founder Assaf Rappaport told his New York City-based business that it would rely on going public after it rejected Google’s present last year and exceeded$ 1 billion in annual sales. These plans have now changed, giving a sour note to a peaceful mergers and acquisitions business that has been in decline since 2025.
In a Tuesday speech, Rappaport stated that” Being a part of Google Cloud is effectively strapping a spacecraft to our flanks: it will accelerate our level of creativity faster than what we could accomplish as a standalone business.”
According to statistics from , , a financial markets platform, M&, A deals worth$ 68.3 billion in technology, advertising, and telecom have been announced in the United States this time, as TheWrap reported last year. That is a 40 % decrease from the same time last year, when deals totaled more than$ 114 billion, from January 1 through March 10.
On Tuesday, Google’s stock price dropped 4.1 % an hour into trading, reaching$ 159.60 per share.