💨 Abstract

Google-parent Alphabet is in advanced talks to acquire cybersecurity startup Wiz for approximately $30 billion, potentially marking its largest deal to date. The deal, however, is yet to be signed and could still change. Wiz provides cloud-based cybersecurity solutions powered by artificial intelligence. If successful, the acquisition could help Alphabet tap into the cybersecurity industry and expand its booming cloud infrastructure segment. The deal may face regulatory scrutiny due to potential monopolistic practices.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖