If the deal goes through, it will become the "most expensive" in Google's history.
According to The Wall Street Journal, Google is in talks to acquire the cybersecurity startup Wiz. The potential deal is estimated at a record-breaking $23 billion for the company.
Wiz was founded in Israel in 2020 (now headquartered in New York) and rapidly grew under the leadership of CEO Assaf Rappaport. The company generated around $350 million in revenue in 2023 and serves 40% of Fortune 100 companies
List of the 100 largest US companies according to the American magazine "Fortune"., and in May was planning an IPOThe first public sale of shares (or other securities) of a private company at a valuation of $12 billion.
Neither Wiz nor Google have commented on the deal yet.
Wiz's offerings allow executives and cybersecurity specialists to get a complete picture of the company's presence in the cloud (particularly important for companies with significant computing resources). The company collaborates notably with Amazon and Oracle.
It is worth noting that last year Google acquired the cybersecurity company Mandiant for $5.4 billion, but the deal with Wiz could become the most expensive acquisition in the history of the search giant.
According to Times, the deal "looks likely," but it could fall through and risk scrutiny from US regulatory authorities. Google is currently facing an unprecedented level of antitrust scrutiny, which could potentially hinder the deal: The Department of Justice has sued the company twice, and the company's anti-competitive practices were discussed at a hearing last year.
Earlier CNBC reported that Google was in talks to acquire the software manufacturer Hubspot, but it seems that these plans have been put on hold for now.
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