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Google has agreed to buy cybersecurity company Wiz for $32 billion ... particularly as the AI industry faces growing security threats. Despite the deal’s strategic value, market reaction was lukewarm.
This offer is about one-third higher than the $23 billion deal Alphabet proposed in 2024, which Wiz called off in July over concerns regarding antitrust regulations.
Here’s my take on Google’s $32 billion bet on cloud security with their offer to acquire Wiz. I think they just ... Cloud ...