Google parent Alphabet back in deal to buy cybersecurity startup Wiz for $30B: report
Portfolio Pulse from
Alphabet, Google's parent company, is reportedly back in a deal to acquire cybersecurity startup Wiz for $30 billion. This follows a previously called-off $23 billion deal as Wiz focused on its IPO.
March 17, 2025 | 9:30 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Alphabet is reportedly acquiring Wiz for $30 billion, indicating a strategic move to enhance its cybersecurity capabilities. This acquisition could strengthen Alphabet's position in the cybersecurity market.
The acquisition of Wiz for $30 billion suggests a significant investment by Alphabet in cybersecurity, which could enhance its service offerings and market position. This strategic move is likely to be viewed positively by investors, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90