Google is in advanced talks to acquire cybersecurity firm Wiz for $23 billion, according to insider sources. Founded in 2020 and led by CEO Assaf Rappaport, Wiz quickly reached a $12 billion valuation and was considering an IPO as recently as May. This acquisition would be Google's largest, emphasizing its commitment to cybersecurity following its $5.4 billion purchase of Mandiant in 2022.
Despite facing antitrust scrutiny and ongoing litigation from the Justice Department, Google's interest in Wiz indicates a continued appetite for strategic mergers. Representatives for Wiz and Google declined to comment on the potential deal.
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