Alphabet to buy Wiz for US$32 billion in its biggest deal to boost cloud security

Quick Summary:

Alphabet said on Tuesday (Mar 18) it would buy Wiz for US$32 billion in its biggest deal as the Google parent doubles down on cybersecurity to sharpen its edge in the cloud-computing race against Amazon.com and Microsoft.

The stock rose about 35 per cent last year, but have lost 13 per cent so far this year on investor worries over its hefty AI investments after the launch of lower-cost DeepSeek.

One of the fastest-growing software startups, Wiz offers cloud-based cybersecurity solutions and was valued at US$12 billion in a funding round last May.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Deal Cybersecurity Amazon Microsoft Cloud Last Google York Year Billion Services

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-18 @ 19:41:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 428 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 27149961

View Article Analysis

About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 44 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 15 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

Frequently Asked Questions