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Google’s parent alphabet is in talks to buy the cyber security WIZ for about $ 30 billion, setting the stage for the largest purchase in the research giant history, according to people familiar with the issue.
The alphabet held talks on a $ 23 billion purchase last year, though negotiations collapsed as some of the directors and investors of the cyberat safety company were concerned about antitrust obstacles. The alphabet had now returned with an offer of more than $ 30bn, one person said.
The new round of agreements talks was continuing and an agreement could be reached soon, two people said. A handling of WIZ will be among the largest agreements of the year and is still likely to face consideration by the Federal Commission of Trade under President Donald Trump, whose new chairman Andrew Ferguson has kept instructions giving the agency the opportunity to block large agreements used by his predecessor Lina Khan.
The alphabet did not respond to the commentary requests on the talks. WIZ refused to comment.
Founded by the Alumni of the Elite Unit of Israeli Cyber Intelligence in 2020 and now based in the US, WIZ offers cyber security services for cloud. The company is among the beginning of the fastest growing software of all time, taking advantage of an increase in sales while businesses increasingly shift their operations in the Cloud.
It reached $ 500 million in repeated annual revenue-a metric profit commonly used from last year, and intended to double it in 2025, according to co-founder Roy Reznik. The group offers Cloud security services for nearly half of America’s 100 largest companies, according to its website.
The possible connection, which was first reported by The Wall Street Journal, comes in the midst of a slow environment to treat the agreement as uncertainty of trade policy under the new Trump administration and market unrest has cooled hopes for a merger and buying boom.
Traders’ recipients were afraid that getting a big technology could be particularly challenging under current administration, as Vice President JD Vance has said he believes Big Tech has “a lot of power”.
Privately held WIZ, last set up $ 1 billion in a $ 12 billion estimate in 2022 by a group of investors led by Andreessen Horowitz, Lightspeed Venture Partners and Thrive Capital. The company is also supported by investors including Ventures index, Insight Partners, G Squared, Sequoia Capital, Greenoaks, Cyberstarts and Wellington.
Wiz had said after talks with the alphabet lit last summer that he would follow an initial public offer.
A WIZ receipt would be much larger than any of the previous alphabet deals. The company’s biggest deal has been buying $ 12.5 billion by Motorola Mobility, which she has sold since then. In 2022, the alphabet paid $ 5.4 billion to get a Mandian cyber security company to improve its Google Cloud product.
The alphabet has requested ways to increase its income from Cloud computing services to compensate its dependence on advertising revenues related to the search. Google Cloud remains one -third distant in the global market with about 12 percent, after Microsoft Azure with 21 percent and leader Amazon Web Services with nearly one -third.
