Google's largest acquisition to date, a planned $32 billion deal for Wiz, aims to strengthen Google Cloud's position against rivals like Microsoft and AWS.
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The security company Wiz has decided to back out of acquisition talks with Google and will instead prioritize an eventual IPO. The company was apparently concerned with a potential antitrust case.
Google is reportedly in advanced talks with cybersecurity company Wiz that, if completed, will see Wiz acquired by Google's parent company Alphabet for $23 billion in its biggest deal ever.
After the flaws were discovered by a security research team, they reported the issues to Microsoft. The company has since released patches and fixes that have closed this serious issue.