- Alphabet is nearing a deal to acquire cybersecurity startup Wizz for $23 billion, according to the WSJ.
- The tech giant is in advanced talks to acquire the startup, according to sources at The Wall Street Journal.
- Wiz was founded in 2020 and a year later has become one of the fastest growing startups.
Google unit Alphabet is nearing a deal to buy four-year-old cloud cybersecurity startup Wizz for about $23 billion, sources familiar with the talks told The Wall Street Journal.
According to sources, the search engine giant is in talks to acquire the company and a deal is imminent if the talks do not fall through.
If the deal goes through, Wiz will be Google’s largest acquisition ever, according to The New York Times.
Spokespeople for Google and Wiz did not immediately respond to requests for comment.
Wiz was founded in March 2020 and is a startup that provides security to companies that use cloud storage providers such as Amazon Web Services.
Less than a year later, the startup was valued at $1.7 billion and quickly secured investments from Salesforce, Blackstone, and Algae, making Wiz one of the fastest-growing startups at the time, Business Insider previously reported.
But Alphabet’s potential acquisition of Wizz comes at a time of intense antitrust scrutiny from the Biden administration.
The Department of Justice sued search engine giant Google for monopolistic practices in 2020, and a decision in the landmark multi-year case is expected later this year.
