Alphabet in Talks to Buy Wizz in $23 Billion Cyber Deal

Alphabet Inc. is in advanced talks to acquire the cybersecurity startup Wiz Inc., with the deal potentially valued at up to $23 billion.

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Alphabet aims to strengthen its cybersecurity offerings to better compete in the cloud market, where it currently lags behind Microsoft and Amazon.

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Wiz, established in 2020 and valued at $12 billion in its recent funding round, specializes in scanning cloud data for vulnerabilities, particularly on platforms like Amazon Web Services and Microsoft Azure.

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This acquisition is part of Alphabet's broader strategy to enhance its cloud services with advanced AI tools and improve its market position.

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The potential deal might attract regulatory scrutiny due to Alphabet's ongoing antitrust investigations in other areas of its business.

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The talks follow Alphabet's halted pursuit of HubSpot Inc., reflecting a strategic shift towards prioritizing investments in cybersecurity and cloud computing.

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Alphabet’s stock saw a slight increase after news of the talks, indicating positive investor sentiment towards this potential acquisition.

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The successful acquisition of Wiz could significantly impact the cybersecurity and cloud computing sectors, enhancing Alphabet's capabilities and market stance.

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