By Deborah Mary Sophia
March 18, 2025 – 7:10 AM PDT
Advertisement
(Reuters) – Alphabet (GOOGL.O) said on Tuesday it would buy Wiz for about $32 billion in its biggest deal as the Google parent doubles down on cybersecurity to sharpen its edge in the cloud-computing race against Amazon.com (AMZN.O) and Microsoft (MSFT.O).
The all-cash buyout comes after Wiz rejected a $23 billion bid from Alphabet last year due to concerns about antitrust approvals and its aim to focus on an initial public offering.
Acquiring Wiz will help Google bolster its cloud business with AI-powered cybersecurity solutions that companies use to remove critical risks, helping it compete better in an industry benefiting from the rise of generative AI services like ChatGPT.
“Cloud is more important than ever, and attackers are not slowing down. They…
