Google Nears $23 Billion Deal for Cybersecurity Startup Wiz

👉 Key Highlights:
📍 Google in advanced talks to acquire Wiz for $23 billion.
📍 This would be Alphabet's largest acquisition ever.
📍 Wiz, founded in 2020, valued at $12 billion earlier this year.
📍 Wiz hit $100 million in annual recurring revenue after 18 months.
📍 Achieved $350 million in annual recurring revenue in 2023.
📍 Wiz backed by Sequoia Capital, Andreessen Horowitz, and others.
📍 Wiz partners with Amazon, Microsoft, and Google.
📍 Google’s largest previous deal was $12.5 billion for Motorola Mobility in 2012.
📍 Deal comes amid intense antitrust scrutiny of Alphabet.
📍 Google aims to strengthen its cloud computing business with this acquisition.

👉 Market Insights:
📍 Successful acquisition could position Google more competitively in the cloud market.
📍 Investors should monitor regulatory responses and antitrust scrutiny.