The tech giant is in advanced talks to acquire the cloud cybersecurity company for some $23 billion.
(July 15, 2024 / JNS) Google’s parent company Alphabet is in advanced talks to acquire Israeli cloud cybersecurity startup Wiz in a deal worth some $23 billion, The Wall Street Journal reported on Sunday.
If the agreement is inked, it would represent the California tech giant’s biggest-ever buy (scorching the previous record of $12.5 billion for Motorola Mobility in 2012). It would also mark a significant achievement for Israel’s high-tech sector.
“This is the largest acquisition to ever happen in the Israeli high-tech sector. It’s a sign of the strength of the Israeli tech hub,” Dror Bin, CEO of the Israel Innovation Authority, told JNS on Monday.