澳洲幸运5官方开奖结果体彩网

Google Could Be Teeing Up Its Largest Acquisition Ever

By
澳洲幸运5官方开奖结果体彩网:Taylor Tompkins
Taylor Tompkins
澳洲幸运5官方开奖结果体彩网:Full Bio

Taylor Tompkins has worked for mไore than a decade as a journalist covering business, finance, and the economy. She has logged thousands of hours interviewing experts, analyzing data, and writing articles to help readers understand economic forces. She is the Economics Editor for news at Investopedia.

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Published July 14, 2024
02:51 PM EDT
Close-up of a Google logo sign with tree foliage in the background, located in the Embarcadero neighborhood, San Francisco, California, June 7, 2024.

Photo by Smith Collection/Gado/Getty Images

Key Takeaways

  • The Wall Street Journal is reporting Google's parent company, Alphabet, is in talks with a cybersecurity startup to acquire it in a deal worth roughly $23 billion.
  • The startup is called Wiz and provides cybersecurity software for cloud computing.
  • If the deal goes through, this would be the largest acquisition the tech giant has ever made.

Google parent Alphabet (GOOG) is reportedly gearing up for $23 billion acquisition, the largest in the company's history.

Alphabet is near to a deal with Wiz, a cybersecurity software provider for cloud computing, according to the Wall Street Journal, which cited anonymous sources close to the deal Sunday. The deal would shore up Alphabet's presence in the cyber security and cloud computing space.

The tech giant has spent big money to catch up to its peers in that sector. If the deal goes through, Wiz would join Mandiant in Alphabet's cybersecurity business. The Mandiant deal was another record-breaking deal for the tech giant, clocking in at $5.4 billion and second only to Alphabet's purchase of Motorola Mobility for $12.5 billion.

Alphabet's cloud business accounted for $9.5 billion of revenue in its first fiscal quarter and CEO Sundar Pichai said the company's cloud business is "now widely seen as the leader in cybersecurity."

The company will report earnings for the second quarter on July 23.

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  1. Wall Street Journal. "."

  2. Bloomberg. "."

  3. Mandiant. "."

  4. Alphabet. "."

  5. Alphabet. "."

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