Google is considering spending $23 billion to buy Wiz, a cloud-based cybersecurity company, with partners including Amazon and Oracle. At nearly double what it spent on Motorola Mobility in 2012, it would be the most Google has ever paid for another company.
Google's biggest purchase ever!
New York-based Wiz offers “security tools and scanners” for the enterprise space, according to the company. Wiz writes that it protects enterprises’ cloud infrastructure by “creating a normalization layer between cloud environments,” allowing companies to “quickly identify and remove critical threats.”
Buying a company of this type seems to specifically target the increasingly weak Microsoft, Which has recently suffered from several high-profile security breaches..
Google Cloud President Thomas Kurian was the driving force behind the acquisition attempt, according to The Verge. New York timesIf successful, It could help boost Google's reputation as a secure cloud platform..
That appears to be the idea behind its $500 million purchase of another cloud security startup in 2022, and its $5.4 billion acquisition of Mandiant, the company that discovered the breach. Solarwinds At the end of that year.
Businesses can still fail…
The deal "seems likely," the newspaper said. differencebut it may fail and risks leading to reviews by US regulators..
The Biden administration has presided over important actions. Antitrustincluding the Justice Department's lawsuit over Google's search deal with Apple and the Federal Trade Commission's failed efforts To prevent Microsoft from buying Activision.
This news was provided by The Wall Street Journal.
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Emily Brontë is a journalist and feature writer specialising in culture, entertainment, literature, and current affairs. She is dedicated to producing clear, accurate reporting that helps readers stay informed about developments in the UK and around the world.
