Google Strikes $32 Billion Deal for Wiz in Company’s Largest Acquisition Ever

Google’s parent company Alphabet on Tuesday struck a deal to acquire cloud security startup Wiz for $32 billion. The deal is easily the largest in Google’s history and bolsters its cloud business as it competes against other tech giants like Microsoft and Amazon.

“Wiz and Google Cloud share a vision to improve security by making it easier and faster for organizations of all types and sizes to protect themselves, end-to-end, across all major clouds,” Google said in its announcement of the deal. “This will help spur the adoption of multicloud cybersecurity, the use of multicloud, and competition and growth in cloud computing.”

The $32 billion all-cash deal is expected to close in 2026. Google’s acquisition tops the company’s 2012 purchase of Motorola Mobility, which cost $12.5 billion, as the most expensive deal in the company’s history.

Wiz, which was founded in 2020, already worked with Google, as well as Amazon Web Services, Microsoft’s Azure and Oracle, providing cloud security management. The deal also comes after Google first approached Wiz about a $23 billion buyout last summer — a deal Wiz declined.

Wiz co-founder Assaf Rappaport, according to CNBC, told his New York City-based company that it would focus on going public after it walked away from Google’s offer last year, as well as hitting $1 billion in annual sales. Those plan have now changed, adding a jolt to a mergers and acquisitions market that has been quiet to start 2025.

“Becoming part of Google Cloud is effectively strapping a rocket to our backs: it will accelerate our rate of innovation faster than what we could achieve as a standalone company,” Rappaport added in a Tuesday statement.

As TheWrap reported last week, M&A deals valued at $68.3 billion in technology, media and telecom have been announced in the U.S. this year, according to data from Dealogic, a financial markets platform. That represents a 40% drop from the same time period last year, from the start of January to March 10, when more than $114 billion worth of deals took place.

Google’s stock price was down 4.1% an hour into trading on Tuesday, hitting $159.60 per share.

The post Google Strikes $32 Billion Deal for Wiz in Company’s Largest Acquisition Ever appeared first on TheWrap.