Google agrees to buy cloud security firm Wiz for $32 billion

By Andrew Martin | Bloomberg

Google parent Alphabet Inc. agreed to acquire cybersecurity firm Wiz Inc. for $32 billion in cash, reaching a deal less than a year after initial negotiations fell apart because the cloud-computing startup wanted to stay independent.

Wiz will join the Google Cloud business once the deal closes, the companies said in a statement on Tuesday. The takeover is subject to regulatory approvals and is likely to close next year, they said.

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