Google-parent Alphabet is reportedly in advanced negotiations to acquire Israeli cybersecurity firm Wiz for more than $30 billion, marking what could be its largest acquisition to date, according to sources familiar with the matter.
This offer is about one-third higher than the $23 billion deal Alphabet proposed in 2024, which Wiz called off in July over concerns regarding antitrust regulations. At the time, Wiz stated in an internal memo that it would focus on an initial public offering (IPO) instead.
Neither Alphabet nor Wiz has publicly commented on the potential deal, and both companies did not immediately respond to media inquiries on Monday. According to sources, the deal has not yet been signed and could still change. The Wall Street Journal was the first to report the ongoing discussions.
Strategic Move for Alphabet’s Cloud Business
If the Wiz acquisition moves forward, it would significantly enhance Alphabet’s presence in the cybersecurity industry, further expanding its cloud infrastructure business, which generated over $43 billion in revenue in 2024.
Wiz provides cloud-based cybersecurity solutions powered by artificial intelligence (AI), helping companies identify and mitigate critical security risks across cloud platforms. The company works with major cloud providers, including Microsoft Azure and Amazon Web Services (AWS), and boasts a high-profile customer base, including Morgan Stanley and DocuSign.
With around 900 employees worldwide, Wiz had previously announced plans to add 400 more workers globally in 2024, reflecting its rapid growth in the cybersecurity sector. The company was last valued at $12 billion in a May 2024 private funding round.
Regulatory Challenges & Market Reactions
The potential acquisition comes at a time when U.S. antitrust policies are shifting under President Donald Trump’s administration, which is expected to relax some regulatory scrutiny compared to the previous Biden administration. However, experts believe a mega cybersecurity deal of this scale would still face regulatory review.
Market analysts had anticipated a surge in mergers and acquisitions (M&A) following Trump’s election, but his tariff policies have introduced new uncertainties in global markets, making companies hesitant about large transactions.
Cybersecurity Demand Surges Post CrowdStrike Outage
The cybersecurity industry has drawn increased attention following last year’s CrowdStrike outage, which raised concerns among enterprises about protecting their digital infrastructure. The rising number of cyber threats has pushed companies to invest heavily in advanced security solutions, making firms like Wiz highly attractive for acquisition.
