TLDR · BIG TECH & STARTUPS
GOOGLE REPORTEDLY IN ADVANCED TALKS TO ACQUIRE CYBER STARTUP WIZ FOR $23 BILLION, ITS LARGEST-EVER DEAL
Summary from the TLDR newsletter
Google may be acquiring cybersecurity firm Wiz for $23 billion. Wiz, founded in 2020, had been eyeing an IPO as recently as May, when it achieved a valuation of $12 billion. Its security offering gives companies insight into their full cloud presence. If completed, the deal will be Google's largest acquisition yet.