Google and its parent company Alphabet Inc. announced a definitive agreement to acquire Wiz Inc., a leading cloud-security firm, in an all-cash transaction valued at $32 billion, according to a company press release on March 18.
The acquisition, once finalized, will mark Google’s largest purchase in its 25-year history and is expected to bolster its Google Cloud business amid the growing demand for cybersecurity solutions in the AI-driven cloud era.
