Wiz Lands Record $32 Billion Acquisition with Google

In a landmark move, Google has announced its largest acquisition to date with the $32 billion purchase of privately-held cybersecurity firm Wiz. The acquisition underscores Google's significant investment in cloud security amid a booming growth era spurred by advances in artificial intelligence. The transaction, pending regulatory approval, surpasses Google's previous largest acquisition of Motorola Mobility for $12.5 billion in 2012. Founded by Assaf Rappaport and his team who hail from Israel’s Unit 8200, Wiz has rapidly become a major player in cybersecurity since its inception five years ago. The deal follows failed acquisition talks last year, where the expected sale price was $23 billion. This transaction, anticipated to rejuvenate deal-making activities in the tech sector, comes in the wake of a less restrictive antitrust environment due to recent regulatory changes. Google's strategic move reflects a potential shift in the market, marking it as the seventh-largest acquisition of a U.S. private firm on record.