Alphabet Back In Talks To Buy Wiz For $30 Billion

Google's parent company Alphabet is reportedly in talks to acquire cybersecurity startup Wiz for approximately $30 billion. Last July, negotiations had advanced on a $23 billion deal, but the talks were put on hold to prioritize Wiz's IPO. Around the same time, Alphabet also walked away from a potential acquisition of online marketing software company HubSpot. Reuters reports: The startup provides cloud-based cybersecurity solutions powered by artificial intelligence that help companies identify and remove critical risks on cloud platforms. A buyout of this size will most likely face regulatory scrutiny as tech giants are kept under close watch for possible monopolistic practices.

If the deal goes through, it could help Alphabet tap into the cybersecurity industry and expand its booming cloud infrastructure segment, which generated more than $43 billion in revenue last year. Wiz was last valued at $12 billion in a private funding round in May 2024.

Hm

[backslashdot]

I tried to contrive a "nobody beats the wiz" joke, but I couldn't. I figured I'll post about it anyway and get some credit for the concept/idea.

Re: Hm

[zawarski]

No. That is absolutely not how it works. I thought the same thing, came up with nuthin and refrained from posting.

Re: Hm

[zawarski]

Sorry if that was harsh, it is just I see you earned a /. comedian achievement. That comes with certain expectations and responsibilities.

Re:

[backslashdot]

Its ok, I’ll live.

Re:

[backslashdot]

Oh, I see.

The Wiz?

[jfdavis668]

I'm just going to Ease on Down the Road.

Cloud-based cybersecurity solutions :o

[Mirnotoriety]

The startup provides cloud-based cybersecurity solutions powered by marketing waffle /s