Alphabet hopes that the deal will be completed in 2026.
Google’s original company alphabet will buy fast growing startup Wiz for about $ 32 billion. This is the biggest deal ever. Google’s parent company Amazon.com and Microsoft are doubled on cyber security to intensify its lead in the race for cloud-committing. After the acquisition, Vij will be made part of Google’s cloud unit. This will strengthen the company’s efforts in cyber security solution. Vij’s co-founder and CEO Asaf Rappaport has given information about this deal in one of his blog posts. He said that we have signed a deal to be acquired by Google. The deal is subject to regulatory reviews, and after completion of the deal, Wiz will join Google Cloud.
Had to pay more than before
According to the news, although it is more than the price of $ 32 billion, last year when Alphabet offered a $ 23 billion to buy Vij. However, this deal still needs some regulatory and second approval before reaching the last round. Let me tell you, earlier Alphabet bought Motorola Mobility in 2011, for which he paid $ 12.5 billion. Let me tell you that this deal between alphabet and Vij is to be exactly in cash.
The Vij Amazon works with web services, Microsoft’s Azure and Cloud Providers such as Google Cloud. Morgan Stanley, Open New Tab, BMW, Open New Tab and LVMH, Open New Tabs are its customers. Vij’s products will be available on other major cloud services. Alphabet hopes that the deal will be completed in 2026.
Alphabet’s shares decline
Alphabet shares recorded a decline of around 3%. The stock had declined by 13% this year before Tuesday, due to concerns about China’s low cost emergence and their heavy AI expenses against the declining technical veterans leading the market for the last two years.
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