Is Google about to finalize the most expensive deal in the company's history?

Google, the search giant, is in talks to acquire Wiz, a New York-based cybersecurity startup, for an estimated $23 billion.

According to The New York Times, Google is close to acquiring Wiz for an estimated $23 billion, its most expensive acquisition ever, in order to improve its ability to serve enterprise customers.

Founded in March 2020, Wiz is a startup specializing in providing security solutions for businesses using cloud storage services, such as Amazon Web Services.

Google is negotiating a record deal to acquire Wiz amid intense antitrust scrutiny from authorities.

Although the deal is highly likely to go through, negotiations could still fall apart at the last minute. Both Google and Wiz declined to comment on this information.

In less than a year, Wiz's valuation reached $1.7 billion, and it quickly received investments from companies including Salesforce, Blackstone, and Algae, making it one of the fastest-growing startups at the time.

Alphabet's negotiations to acquire Wiz are taking place amid the Biden administration's close scrutiny of the expansion of technology companies.

Google is currently facing two antitrust lawsuits from the U.S. Department of Justice , one targeting its popular search engine and the other seeking to spin off its digital advertising business. A ruling on the search engine lawsuit is expected this summer.

Source: https://baoquocte.vn/google-sap-hoan-tat-thuong-vu-dat-do-nhat-lich-su-cong-ty-278913.html