Alphabet is in talks to acquire cybersecurity start-up Wiz, according to a person familiar with the matter.
The transaction could total as much as $23-billion, said the person, who asked not to be identified discussing non-public information. That would make it the tech giant’s largest acquisition to date.A representative for Alphabet didn’t immediately respond to requests for comment. A spokesman for Wiz declined to comment. The talks were reported earlier by the Wall Street Journal.The talks come on the heels of Alphabet shelving efforts to acquire customer relationship management company HubSpot.
Alphabet has been ramping up its investment in its cloud customer business, including offering more generative artificial intelligence tools for clients. Though Google still lags behind Microsoft and Amazon.com in the market for cloud computing, the company reported that its cloud unit has been profitable in consecutive quarters, after years of the unit being a money-losing operation.
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