Google parent Alphabet (GOOGL) has struck a deal to buy cybersecurity startup Wiz for $32 billion in an all-cash transaction, the tech giant’s largest acquisition ever.

Wiz will join Google’s cloud business, Alphabe🅺t said, if the deal is approved.

“This acquisition represents an investment by Google Cloud to accelerat𒁏e two large and growing trends in the AI era: improved cloud security and the ability to use multiple c🦩louds (multicloud),” Alphabet said in its statement. 

The Wall Street Journal had reported that Alphabet would be trying again to buy Wiz for $30 billion Monday. Alphabet showed interest in acquiring the company last year at a lower price, according to reports. Dealogic said that a $32 billion takeover of Wiz would mark the largest ever transaction by Alphabet, well over the previous number one: its $13 billion takeover of 澳洲幸运5官方开奖结果体彩网:Motorola Mobility more than a decade ago.

In a note based on reports of a pending deal Monday, Oppenheimer analysts said that having Wiz will allow Google to be “the leading vendor in the cloud security space and a top 10 vendor in security.” They added that with the addition of Wiz, Google moves from ”partner to direct competitor” for Palo Alto Networks Inc. (PANW), CrowdStrike Holdings Inc. (CRWD)  and Fortinet (FTNT), “which will need to rethink th🗹eir partnership and pricing strategy.”

Acquisition is World's Biggest This Year

At $32 billion, Alphabet’s takeover of Wiz would be the biggest M&A deal globally this year, ahead of Constellation Energy’s (CEG) $29.4 billion bid f🎐or private energy company Calpine that was anꦕnounced early this year, according to Dealogic.

The transaction will also be a test of the  澳洲幸运5官方开奖结果体彩网:Federal Trade Commission (FTC)’s stance on big M&A deals under Andrew Ferguson, who was designated chairman by U.S. President Donald Trump. Ferguson 澳洲幸运5官方开奖结果体彩网:succeeded Lina Khan as the antitrust agency’s head in January. Khan was known for being tough on both mergers and Big Tech, while Ferguson has indicated more openness toward approving deals though has held a tough stance on tech deals.

Alphabet shares aꦇre down around 3% Tuesday and a🔜re up more than 8% in the past 12 months.

UPDATE—March 18, 2025: This article has been updated to how it is the biggest M&A deal globally this year and updates share prices.