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Google’s Largest Acquisition Talks in the Making

Alphabet, Google’s parent company, is reportedly in talks to acquire cyber security start-up Wiz for a staggering $23 billion. This potential deal would be the largest acquisition in Alphabet’s history, and it’s got everyone in the tech world talking.

The Acquisition Details

According to sources familiar with the matter, Alphabet’s discussions with Wiz are still ongoing, but it’s likely to take a few more weeks to finalize the deal. There’s always a chance the deal might not go through, as there are still several details to iron out.

Why This Deal Matters

If the acquisition goes ahead, it would be a significant test for antitrust regulators, who have been cracking down on tech companies buying up smaller businesses in recent years. Alphabet’s last major deal was over a decade ago when it acquired Motorola Mobility for $12.5 billion.

Alphabet’s Big Push into Cyber Security

This acquisition would mark a major push into cyber security for Alphabet, just two years after it acquired Mandiant for $5.4 billion. With Wiz, Alphabet would be expanding its portfolio in the field, which has seen a significant surge in demand as more corporations move their software and data online.

Who is Wiz and What Do They Do?

Wiz is a New York-based start-up founded by Israeli entrepreneur Assaf Rappaport, a former Microsoft executive. The company has raised around $2 billion from investors since its inception four years ago, and its most recent valuation is a whopping $12 billion. Backed by venture capital firms Sequoia and Thrive, Wiz helps companies secure their cloud-based programs and has a roster of big-name clients, including Salesforce, Mars, and BMW.

Wiz’s Growth and Revenue

Wiz has experienced rapid growth, hitting around $350 million in annual recurring revenue – a metric often used to gauge the success of software start-ups. The company’s revenue has surged as corporations increasingly rely on cloud-based services and need robust security measures to protect their data.

A Record-Breaking Acquisition

A deal would be among the largest acquisitions of a company backed by venture capital, highlighting the growing interest in cyber security start-ups. Wiz has been expanding rapidly, and this acquisition would cement Alphabet’s position as a major player in the field.

What’s Next?

While we wait for the acquisition to be finalized, we can expect a lot of buzz around this deal. Stay tuned for updates on this developing story.

Conclusion

Alphabet’s potential acquisition of Wiz would be a significant milestone in the tech industry, with far-reaching implications for the cyber security landscape. As we await the outcome of these talks, one thing is clear: Wiz has established itself as a leading player in the field, and its acquisition would bring new capabilities to Alphabet’s portfolio.

FAQs

Q: What is the reported value of the acquisition?

A: The acquisition is reportedly valued at around $23 billion.

Q: What does Wiz do?

A: Wiz is a cyber security start-up that helps companies secure their cloud-based programs.

Q: Who are Wiz’s major clients?

A: Wiz’s clients include Salesforce, Mars, and BMW, among others.

Q: What is the deal’s current status?

A: The deal is still in talks, with sources indicating that it may take a few more weeks to finalize.

Q: What does this acquisition mean for Alphabet?

A: The acquisition would mark a significant expansion of Alphabet’s portfolio in cyber security, solidifying its position as a major player in the field.

Author: www.ft.com

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