Google Closer to Record Acquisition: $23 Billion on the Table

Luc Williams

Google close to acquiring Wiz

If the transaction goes through, it will be Google’s biggest ever takeoverThe transaction is expected to be worth $23 billion. Representatives are likely Wiz company being acquired declined to comment on the matter to the source. The acquisition fits in well with the strategy of the technology giant, which is increasingly focusing on cybersecurity. Attacks on the network are an increasingly common phenomenon, affecting both large companies and state entities.

What does Wiz do?

Wiz is a cloud security company. This is a cybersecurity startup that was founded in 2020 and quickly became one of the largest players in the market. Wiz specializes in Cloud Security Posture Management (CSPM), Cloud Workload Protection (CWPP), Cloud Infrastructure Entitlement Management (CIEM), Data Security (DSPM), and Cloud Threat Detection and Response (CDR).

Google’s Biggest Acquisitions

The Wiz acquisition would not be Google’s first acquisition in the cybersecurity industry. Two years ago Google acquired Mandiant for $5.4 billion.The biggest acquisitions in the history of a Silicon Valley company are Motorola Mobility (12.5 billion dollars in 2012), Nest Labs (3.2 billion dollars, 2014) Double Click ($3.1 billion, 2008) Looker ($2.6 billion, 2020) and Fitbit ($2.1 billion, 2021).

About LUC WILLIAMS

Luc's expertise lies in assisting students from a myriad of disciplines to refine and enhance their thesis work with clarity and impact. His methodical approach and the knack for simplifying complex information make him an invaluable ally for any thesis writer.