NEW YORK, Thursday, July 18, 2024 – Google is reportedly planning to spend $23 billion to acquire Wiz, a cloud cybersecurity startup with partnerships including Amazon and Oracle, according to The Wall Street Journal.
The acquisition if goes through, would be nearly double the amount Google paid for Motorola Mobility in 2012, would be the largest in the company’s history.
Wiz, based in New York City, offers advanced security tools and scanners for enterprises.
The company states that it secures corporate cloud infrastructure by creating a “normalizing layer between cloud environments,” allowing businesses to quickly identify and eliminate critical risks.
The acquisition appears to be aimed at bolstering Google’s position in cloud security, particularly as Microsoft has faced several high-profile security breaches recently.
The deal appears likely, according to The Times, but it could still be subject to regulatory review. The Biden administration has increased antitrust actions, including the Department of Justice’s lawsuit over Google’s Search deal with Apple and the Federal Trade Commission’s attempt to block Microsoft’s acquisition of Activision.
