GOOGLE REPORTEDLY IN TALKS TO ACQUIRE CLOUD SECURITY COMPANY WIZ FOR $23B

Summary from the TLDR Founders newsletter

Alphabet, Google's parent company, is reportedly in advanced discussions to acquire cloud security firm Wiz for approximately $23 billion. The potential acquisition, which would be Alphabet's largest to date, is seen as a strategic move to strengthen Google's growing cloud business. Wiz, founded by former Microsoft employees, has raised $1.9 billion in funding and boasts an annual recurring revenue of $350 million.