Google in advanced negotiations to acquire cyber startup Wiz for $23bn – Report

Search engine giant Google, is reportedly in advanced talks to acquire cyber start-up, Wiz, for $23 billion.
The deal if completed would be the company’s largest acquisition.
The Wall Street Journal reported Sunday, citing people familiar with the matter.
The newspaper addes that a deal could come soon and would also underline a clear and continued bet on cybersecurity.
Wiz provides an all-in-one solution for cloud security by absorbing information from Google Cloud, Microsoft Azure, Amazon Web Services, and other cloud platforms and then analyzing it all to find security risks.
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The transaction is presumably seen by Alphabet management as a means of bolstering Google’s cloud business, which had a 28% growth to $9.57 billion in the first quarter of this year.
Wiz raised a $1 billion Series E with a $12 billion value two months before the release of this report.
Yinon Costica, Roy Reznik, Assaf Rappaport, and Ami Luttwak, all former Microsoft employees, founded Wiz four years ago.
The company has raised $1.9 billion till date.
The business has $350 million in recurring income annually at the time of its most recent investment round.
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