Google Parent Alphabet Acquires Wiz For $32 Billion

The rumors were right: Google parent Alphabet has agreed to buy cyber security start-up Wiz for $32 billion, the biggest acquisition in the search group's history. From the report: Alphabet held talks over a $23 billion acquisition of Wiz last year, although the negotiations collapsed after some of the cyber security company's directors and investors became worried about antitrust hurdles.

The deal, which will rank as the biggest deal of the year so far, was announced on Tuesday morning. It will probably still face scrutiny from the Federal Trade Commission under President Donald Trump, whose new chair Andrew Ferguson has maintained guidelines giving the agency the ability to block large deals used by his predecessor Lina Khan.

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