{"id":1581,"date":"2025-03-20T14:27:39","date_gmt":"2025-03-20T14:27:39","guid":{"rendered":"https:\/\/www.tsfactory.com\/forums\/?p=1581"},"modified":"2025-03-20T14:27:39","modified_gmt":"2025-03-20T14:27:39","slug":"google-to-buy-cybersecurity-firm-wiz-for-32-billion-in-the-biggest-deal-in-companys-history","status":"publish","type":"post","link":"https:\/\/www.tsfactory.com\/forums\/blog\/google-to-buy-cybersecurity-firm-wiz-for-32-billion-in-the-biggest-deal-in-companys-history\/","title":{"rendered":"Google to buy cybersecurity firm Wiz for $32 billion in the biggest deal in company\u2019s history"},"content":{"rendered":"

SAN FRANCISCO (AP) \u2014\u00a0Google<\/a><\/span>\u00a0has struck a deal to buy cybersecurity firm Wiz for $32 billion in what would be the tech giant\u2019s biggest-ever acquisition at the same time it\u2019s facing a potential breakup of its internet empire.<\/p>\n

The proposed takeover\u00a0announced Tuesday<\/a><\/span>\u00a0is part of Google\u2019s aggressive expansion into cloud computing during an artificial intelligence boom. The frenzy is driving demand for data centers that provide the computing power for AI technology and intensifying the competition in that space among Google and two other tech powerhouses, Microsoft and Amazon.<\/p>\n

If the all-cash transaction is approved by regulators, Wiz will join Google Cloud \u2014 an increasingly important part of its business separate from the search and advertising operations that account for most of the $350 billion annual revenue at Google\u2019s parent company, Alphabet.<\/p>\n

With the advent of AI, however, the cloud division has become a rising star at Google. Annual revenue in the division was $26.3 billion in 2022, and soared 64% to $43.2 billion last year.<\/p>\n

Wiz, a five-year-old startup founded by four longtime friends who met in the Israeli army when they were still teenagers, is on track for an estimated $1 billion in revenue this year. After getting its start in Israel in 2020, Wiz now oversees an operation that makes security tools protecting the information stored in data centers from its current headquarters in New York.<\/p>\n

Read the Full Story Here<\/a><\/p>\n

Source: AP News<\/p>\n","protected":false},"excerpt":{"rendered":"

SAN FRANCISCO (AP) \u2014\u00a0Google\u00a0has struck a deal to buy cybersecurity firm Wiz for $32 billion in what would be the tech giant\u2019s biggest-ever acquisition at the same time it\u2019s facing a potential breakup of its internet empire. The proposed takeover\u00a0announced Tuesday\u00a0is part of Google\u2019s aggressive expansion into cloud computing during an artificial intelligence boom. 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