Alphabet Back in Deal Talks for Cybersecurity Startup Wiz
A deal worth some $30 billion could come together soon, after talks fizzled last summer
Google parent Alphabet GOOGL -0.73%decrease; red down pointing triangle is in advanced talks to acquire cybersecurity startup Wiz for around $30 billion, according to people familiar with the matter.
A deal could come together soon, granted the talks don’t hit any last-minute snags, the people said.
Alphabet had been close to a roughly $23 billion deal for Wiz last summer, The Wall Street Journal previously reported.
The talks fell apart, however, as Wiz and some of its investors had concerns about the time it would take for a deal to clear regulatory hurdles, among other issues.
Any deal would likely still face regulatory scrutiny. It would also rank among the biggest so far this year.
Wiz, which offers cybersecurity software for cloud computing, is based in New York with additional offices in the U.S. and Israel. The startup partners with a number of the biggest cloud companies, including Amazon and Microsoft as well as Google, according to its website.