Google acquires Wiz in $32 billion deal

The acquisition comes as Google faces multiple lawsuits from the US Department of Justice over its online search and ad technology dominance.

Google has offered US federal agencies a 71% discount on its Workspace suite, aiming to save the government up to $2 billion if widely adopted.

Google has finalized a $32 billion acquisition of Israeli cybersecurity firm Wiz, sealing the deal just weeks after Donald Trump’s inauguration.

The agreement, a significant increase from Google’s initial $23 billion offer, was aided by the expectation of a friendlier antitrust review under the new administration, sources familiar with the negotiations said.

Wiz had considered an IPO before returning to the negotiating table, with new Chief Financial Officer Fazal Merchant playing a key role in shaping the deal alongside CEO Assaf Rappaport.

Google’s cloud chief, Thomas Kurian, was also instrumental in the agreement, which includes an unusually high $3.2 billion breakup fee should regulatory issues derail the transaction.

With Wiz boasting 70% annual revenue growth and over $700 million in annualized revenue, Google viewed the premium price as justified.

However, concerns remain over potential antitrust scrutiny, particularly given Google’s ongoing legal battles with the US Department of Justice over its dominance in search and ad technology.

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