🔐 Google gets stronger in cybersecurity - Alphabet buys Wiz for a record $32 billion! 🚀
US giant Alphabet $GOOGL has announced the largest acquisition in its history - for $32 billion (over £735 billion) takes over cybersecurity firm Wiz.

Why is Google buying Wiz?
Wiz will be integrated into Google Cloud, enabling the expansion of security solutions for cloud customers.

Google is trying to catch up in the cloud segment, which is dominated by Microsoft's $MSFT Azure and AWS $AMZN.

💡 What is Wiz
Wiz is a fast-growing company that specializes in cloud protection and real-time threat detection. It helps organizations monitor and protect their cloud infrastructures against security risks.

Global reach - Headquartered in New York, development centers in Israel, clients around the world.

Alphabet was in talks to acquire Alphabet as early as 2023 per $23 billionbut then Wiz turned down the sale because he wanted to remain independent. This year, however, the terms changed and the deal was closed.

📉This acquisition will strengthen the ability Google to provide state-of-the-art cloud security. Customers need security they can trust and a connection to Wiz will allow the company to offer them the best.

⚖ Regulation and potential obstacles
Large technology acquisitions are under scrutiny today due to antitrust concerns.

Cybersecurity is a strategic sector - Regulators may want to prevent Google from gaining too much influence in cloud security.

Google Cloud may be growing, but it still lags behind Microsoft a AWS. This acquisition may help it to win new clients and increase its competitiveness.

With an increasing number of cyber threats, cloud security is one of the fastest growing areas of IT.

What do you think of this acquisition? What do you think of the company's current valuation?