Google parent Alphabet in talks to buy cyber firm Wiz for $33 billion

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Google parent Alphabet in talks to buy cyber firm Wiz for $33 billion - Business Standard

Quick Summary:

The deal, which may be announced as soon as Tuesday, would be Alphabet's largest acquisition to date, and could help Alphabet's Google catch up with Microsoft Corp.and Amazon.

Last year, the company was valued at $12 billion in a funding round.

But Google’s cloud business is No.3 in the market behind Microsoft and Amazon, which may give it an argument against regulatory concerns about market concentration in the cloud business.