Google Close to Its Biggest Acquisition Ever, Despite Antitrust Scrutiny

undefined 16, 2024

Source: nyt

Google is in talks to acquire the cybersecurity start-up Wiz for $23 billion, its largest-ever potential acquisition. The deal comes as the Biden administration enforces strict regulations against tech consolidation. Google aims to strengthen its cloud-computing division, which trails behind Amazon and Microsoft. Despite regulatory risks, Google is determined to enhance its cybersecurity offerings. Wiz, valued at $12 billion, has rapidly grown since its founding in 2020, attracting major investors like Andreessen Horowitz and Thrive Capital.

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