Google announced it has signed a definitive agreement to acquire Wiz, a leading cloud security platform headquartered in New York, for $32B, subject to closing adjustments, in an all-cash transaction. Once closed, Wiz will join Google Cloud. This acquisition represents an investment by Google Cloud to accelerate two large and growing trends in the AI era: improved cloud security and the ability to use multiple clouds. The deal is subject to customary closing conditions including regulatory approvals.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GOOG:
- Alphabet price target lowered to $202 from $220 at KeyBanc
- Google plans to partner with MediaTek for cheaper AI chips, The Information says
- Turkey plans to launch new regulations on big tech firms, Bloomberg reports
- Sprinklr launches local data hosting solution in Germany via Google Cloud pact
- Alphabet’s Waymo receives approval to expand autonomous operations in South Bay