Alphabet back in talks to buy Israel's Wiz for over $30 billion, source says

Alphabet's latest offer is higher by roughly a third of the $23 billion deal it offered last year, which Wiz

called off in July 2024 over concerns it would not clear antitrust hurdles.

Wiz had said in an internal memo at the time that it would focus on an initial public offering. Neither company has publicly acknowledged a deal. They did not immediately reply on Monday to Reuters requests for comment.

The deal hasn't been signed and could still change, the person familiar with the development said. The Wall Street Journal on Monday first reported the news of the talks between the companies, citing sources.

Live Events

If the Wiz acquisition goes ahead, it would help Alphabet tap the cybersecurity market and expand its booming cloud infrastructure business, which generated more than $43 billion in revenue last year.

While U.S. President Donald Trump's administration is widely expected to drop some antitrust policies pursued under the administration of President Joe Biden, a deal that creates a cybersecurity behemoth is still likely to draw scrutiny.

Wall Street had expected a bump in dealmaking after Trump's election, but the tariffs he has imposed or threatened have roiled global markets and left businesses and investors uncertain about big decisions.

Wiz provides cloud-based cybersecurity solutions powered by artificial intelligence that help companies identify and remove critical risks on cloud platforms.

It works with multiple cloud providers such as Microsoft and Amazon and counts companies from