Google Nears $23 Billion Deal for Cybersecurity Firm Wiz, WSJ Reports

(Bloomberg) -- Google parent Alphabet Inc. is in advanced talks to buy cybersecurity startup Wiz in a deal that could fetch $23 billion, the Wall Street Journal reported, citing people with knowledge of the matter.

The deal would be Alphabet’s largest acquisition ever and could come together “soon,” the newspaper said. 

A purchase of Wiz could help boost Alphabet’s efforts in cloud computing, an area in which it’s lagged competitors, the WSJ said. The deal would follow on its $5.4 billion purchase of fellow cybersecurity firm Mandiant Inc. in 2022, which was at the time one of its largest acquisitions ever.

By Davey Alba.

Full story at Yahoo News.