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In leaked memos, Google bosses address the $32 billion Wiz deal: 'We don't make deals like this every day'

Mar 19, 2025 - businessinsider.com
Google has announced its agreement to acquire cybersecurity firm Wiz for $32 billion, marking the largest acquisition in the company's history and the biggest deal of the year. The acquisition is seen as a strategic move to enhance Google's cloud security capabilities amid the growing importance of multicloud strategies and the increasing threats associated with AI. Google Cloud CEO Thomas Kurian emphasized the critical timing of the acquisition, highlighting the need for integrated cybersecurity tools as organizations accelerate their data migration to the cloud. The deal, which follows a previous unsuccessful attempt to acquire Wiz for $23 billion, is still subject to regulatory approval and is expected to close in 2026.

Google executives, including CEO Sundar Pichai and President of Global Revenue Matt Renner, communicated the significance of the acquisition to employees, noting the potential for improved security and reduced costs for customers. Wiz's technology, which identifies security risks in cloud data, will continue to be available through other cloud providers like AWS and Microsoft Azure. Analysts have noted that the acquisition addresses a gap in Google's enterprise cloud security offerings compared to competitors. The deal will be closely watched as a test of antitrust policies under President Donald Trump, with Google CFO Anat Ashkenazi stressing the importance of maintaining independence between Google Cloud and Wiz until the acquisition is finalized.

Key takeaways:

  • Google agreed to acquire cybersecurity firm Wiz for $32 billion, marking its largest acquisition to date.
  • Google Cloud CEO Thomas Kurian emphasized the importance of AI in transforming cybersecurity and the need for integrated security solutions.
  • The acquisition aims to enhance Google's multicloud strategy and address complex management challenges in cloud deployments.
  • The deal is subject to regulatory approval and is expected to close in 2026, with Wiz continuing to operate independently until then.
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