Google's parent company, Alphabet Inc., is again in advanced discussions to acquire cybersecurity startup Wiz, Inc. for approximately $30 billion, according to sources cited by The Wall Street Journal on Monday.
The potential deal could be finalized soon, provided negotiations do not encounter unexpected obstacles. If completed, the acquisition would be one of the largest this year, though it is still expected to face regulatory scrutiny.
In September, reports showed that Wiz had rejected Alphabet's $23 billion offer, opting instead to pursue an initial public offering in line with its original plans. Wiz, headquartered in New York with other offices in the US and Israel, specializes in cloud cybersecurity and collaborates with major tech firms, including Amazon, Microsoft, and Google, according to its webpage.
