Alphabet in talks to acquire cyber security start-up Wiz for $23bn
Deal overview Alphabet, through its subsidiary Google, is in negotiations to acquire cybersecurity start-up Wiz for approximately $23 billion, potentially marking the largest acquisition in Alphabet's history. This deal could face significant antitrust scrutiny, as regulators under U.S. President Joe Biden's administration have shown resistance to large tech acquisitions, especially involving Google. Alphabet's last major acquisition was Motorola Mobility for $12.5 billion over a decade ago. The acquisition of Wiz, valued at $12 billion, would significantly bolster Alphabet's cybersecurity capabilities following its $5.4 billion acquisition of Mandiant two years ago. Wiz, headquartered in New York and led by Israeli founder and former Microsoft executive Assaf Rappaport, has raised about $2 billion from investors, including Sequoia, Thrive, and Blackstone. Wiz assists companies like Salesforce, Mars, and BMW in securing cloud programs…