Google parent acquires Wiz for $32bn to strengthen cybersecurity

Acquiring Wiz will help Google bolster its cloud business with AI-powered cybersecurity solutions that companies use to remove critical risks

The all-cash buyout comes after Wiz rejected a $23bn (€21.1bn) bid from Alphabet last year, due to concerns about antitrust approvals and its focus on an initial public offering.

Alphabet said it would buy Wiz for about $32bn (€29.3bn) in its biggest deal, as the Google parent doubles down on cybersecurity to sharpen its edge in the cloud-computing race against Amazon and Microsoft.

The all-cash buyout comes after Wiz rejected a $23bn (€21.1bn) bid from Alphabet last year, due to concerns about antitrust approvals and its focus on an initial public offering.