Alphabet, the parent company of Google, is reportedly in advanced negotiations to acquire cybersecurity startup Wiz for around $30bn, a deal that would be the largest in the company's history. This new round of talks follows a previously aborted $23bn bid last year, which fell through amid concerns from Wiz’s directors and investors over potential antitrust hurdles.
Founded in 2020 by alumni of Israel’s elite cyber intelligence unit, Wiz has emerged as one of the fastest-growing software startups in the world. The company, which provides cloud cybersecurity services, achieved $500mn in annual recurring revenue last year and is on track to double that figure in 2025. Wiz currently serves nearly half of America's top 100 companies, making it a highly attractive target for Alphabet, which is keen to strengthen its Google Cloud division a segment that currently holds about 12% of the global market, trailing behind Microsoft’s Azure and Amazon Web Services.
The proposed acquisition, which could face scrutiny from the Federal Trade Commission under the new guidelines set by Trump’s administration and its new chair Andrew Ferguson, is seen as a strategic move for Alphabet. The tech giant is actively seeking to diversify its revenue streams away from search-linked advertising and boost its earnings from cloud computing.
Although Alphabet did not immediately comment on the ongoing negotiations and Wiz declined to respond, industry analysts note that a successful takeover would represent a major expansion in Alphabet’s cybersecurity and cloud capabilities, potentially transforming the competitive landscape in an increasingly digital and security-conscious world.
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