Google is set to acquire cloud security startup Wiz for $32 billion, marking its largest acquisition ever. The deal, which faced numerous obstacles over antitrust concerns and development autonomy, appeared to gain momentum again recently. Previously, Google offered $23 billion for Wiz, which was valued much lower at the time. With Wiz's growth trajectory—expected to reach $1 billion in revenue this year—the acquisition is seen as a strategic move for Google Cloud's future. CEO Assaf Rappaport has described rejecting the initial offer as difficult but ultimately affirming it's been the right decision.
"The deal has been on-again off-again for nearly part of a year and appeared to revive again this week..."
"Last year, Google offered to buy Wiz for $23 billion, but the deal fell apart, sources say over concerns about antitrust issues..."
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