32 billion US dollars for Wiz – Google completes largest acquisition
Alphabet subsidiary Google has acquired cloud security firm Wiz for 32 billion US dollars. It is the largest purchase in the group's history.
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- Marie-Claire Koch
Google has completed the acquisition of Wiz for 32 billion US dollars (almost 28 billion euros). It is the largest purchase in the group's history. The completion of the acquisition of the US-Israeli cloud security company was announced by the group this week.
Alphabet subsidiary Google explains the acquisition as an "investment by Google Cloud to improve cloud security". Wiz's products will continue to function and will also remain available for all major cloud platforms, such as Microsoft Azure or Amazon Web Services, the company further explains.
Google announced the acquisition of Wiz a year ago. The companies agreed in March of last year and signed an acquisition agreement. Google had previously offered Wiz 30 billion US dollars.
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It is not the first attempt by the group to acquire Wiz. The companies already negotiated about a possible purchase in 2024. Wiz had rejected the offer of 23 billion US dollars at the time. In 2022, Google also acquired the IT security company Mandiant for 5.4 billion US dollars.
(mho)
