Google revives talks to acquire Wiz at higher valuation
Alphabet is in advanced negotiations to acquire cloud cybersecurity startup Wiz at a valuation higher than the previous $23 billion.
MAIN POINTS
- Alphabet is in advanced talks to acquire Wiz, a cloud cybersecurity startup.
- Previous negotiations last summer valued Wiz at $23 billion, but the deal fell through.
- The current valuation being discussed is higher than the previous $23 billion.
- The information comes from a person familiar with the deal.
TAKEAWAYS
- Alphabet's interest in Wiz highlights its focus on enhancing cloud cybersecurity capabilities.
- The increased valuation suggests Wiz's growing importance or market position.
- Previous failed negotiations indicate complex deal-making dynamics.
- The acquisition, if successful, could significantly impact the cybersecurity industry.