BENGALURU – Google’s parent company, Alphabet, is in advanced talks to acquire Israeli cybersecurity firm Wiz for over $30 billion (S$39.91 billion), marking its largest potential acquisition to date.
This offer exceeds the $23 billion proposal made in 2024, which Wiz rejected in July over concerns that it might not pass antitrust scrutiny. At the time, Wiz announced plans to pursue an initial public offering (IPO) instead.
Neither company has confirmed the discussions, and they did not respond to Reuters’ requests for comment on March 17. The deal is not finalized and may still change, according to sources familiar with the matter. The Wall Street Journal first reported on the ongoing talks on March 17.
If the acquisition goes through, it would allow Alphabet to tap into the growing cybersecurity market and expand its cloud infrastructure business, which generated over $43 billion in revenue in 2024.
Despite expectations that the Biden administration’s antitrust policies may loosen under President Donald Trump’s administration, a deal creating a cybersecurity giant is likely to face regulatory scrutiny.
Wiz provides AI-powered cloud-based cybersecurity solutions that help companies detect and address critical risks on cloud platforms. It works with cloud providers like Microsoft and Amazon and serves clients such as Morgan Stanley and DocuSign. With 900 employees across the U.S., Europe, Asia, and Israel, Wiz plans to hire an additional 400 workers globally in 2024.
The cybersecurity sector has seen growing interest following the global CrowdStrike outage in 2024, which heightened concerns about protecting digital infrastructures.
