Google is buying Wiz for $32B to beef up in cloud security, sources say

Google is the largest acquisition of its history. Our sources say that alphabet wids, cloud security startups, are earning $ 32 billion in the company’s main company.

The regulatory and other approval will still be required before the agreement is closed. From what I can see to Google and Wiz has not yet been able to confirm anything official.

The deal was up-to-back for about a year’s part and was present Restore again this weekThomas Curian – CEO of Google Cloud – In Europe at the moment. (Asf Rapart, CEO of New York -based Wiz, is currently in Israel.)

Last year, Google offered to buy wiz $ 23 billionHowever, the deal is separated, sources have expressed concern over the issues of disbelief, the wiz autonomy for the development under Google Cloud and the price tag of the price. During the contract, the wiz was worth $ 12 billion.

Shortly after the deal was disrupted, Wiz opened a secondary sale in the evaluation of $ 16 billion. It was rumored that it was in the process of raising more numbers. And the business is growing, the company has exceeded $ 500 million in ARR last year and doubled this year to $ 1 billion.

Last year At the disrupted levelRapport did not deny the possibility of acquisition in the future, but he further confirmed that Wisi had gone away from the deal, described it as “the most difficult decision” so far but it was a “right choice”.

On the authentic financial result, it looks like his instinct is true.

More to come.