Mar 18th, 2025
Google Buying Cybersecurity Firm Wiz for $32 Billion
Google parent Alphabet Inc. agreed to acquire cybersecurity firm Wiz Inc. for $32 billion in cash, reaching a deal less than a year after initial negotiations fell apart because the cloud-computing startup wanted to stay independent. Once the deal closes, Wiz will become part of the Google Cloud business. Mandeep Singh of Bloomberg Intelligence breaks down the deal on "Bloomberg Open Interest."
