Google parent Alphabet agrees to buy cyber security group Wiz for $32bn

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Google parent Alphabet has agreed to buy cyber security start-up Wiz for $32bn, the biggest acquisition in the search group’s history.

Alphabet held talks over a $23bn 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.

Alphabet announced the all-cash acquisition, which will rank as the biggest deal of the year so far, 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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