In the biggest acquisition of its history, Google’s parent company, Alphabet, has confirmed the $32 billion purchase of cloud security startup Wiz. The deal is an all-cash transaction, with a portion of the total price ($1 billion) allocated as retention bonuses for Wiz’s 1,

This is the largest acquisition by Google in its history. Earlier in 2022, it acquired another cybersecurity firm – Mandiant – for USD 5.4 billion and merged it with Google Cloud.

Google’s agreement to buy cloud security startup Wiz will face antitrust scrutiny amid Alphabet’s ongoing legal battles.