Google’s Parent Alphabet Acquires Wiz for $32B to Strengthen Cloud & AI Security!
Alphabet (Google’s parent company) is making a bold $32 billion move to acquire cybersecurity firm Wiz, expanding its Google Cloud services amid the AI boom. This all-cash deal, if approved by regulators, will intensify competition with Microsoft and Amazon, both of which are aggressively investing in cloud computing and AI.
Why it matters?
Google Cloud's rapid growth: Revenue surged 64% to $43.2B in 2023.
Wiz’s shift in strategy: After rejecting a $23B deal last year, Wiz chose Google over going public (IPO).
Rising AI security concerns: This deal could give Google a competitive edge in protecting sensitive AI data.
Regulatory Roadblocks Ahead?
With the DOJ already investigating Google over antitrust concerns in search & digital ads, regulators are expected to closely scrutinize the acquisition. Alphabet’s stock fell 2% after the announcement, reflecting investor concerns about the high cost and legal hurdles.
Is this a smart power move or a risky bet for Google?
Read Full Article :- Google to Acquire Leading Cyber Security Firm Wiz in $32 Billion Deal
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