Google is reportedly planning its biggest startup acquisition ever

  • 📰 verge
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 67%

Business News News

Business Business Latest News,Business Business Headlines

Google is negotiating a deal to purchase Wiz, a cloud cybersecurity startup, as it looks to further bolster its reputation as a secure cloud platform.

Google is considering spending $23 billion to buy Wiz, a cloud cybersecurity startup with partners that include Amazon and Oracle, reports The Wall Street Journal. At close to twice what it spent for Motorola Mobility in 2012, it would be the most Google has ever paid for another company. The New York City-based Wiz offers “siloed security tools and scanners” for the enterprise space, according to the company.

Google Cloud boss Thomas Kurian has been the driving force behind the acquisition attempt, according to The New York Times. If successful, it could help solidify Google’s reputation as a secure cloud platform. That seemed to be the idea behind its half-billion dollar purchase of another cloud security startup in 2022 and the $5.4 billion acquisition of Mandiant, the company that discovered the SolarWinds hack later that year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 94. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines