Google has entered into a “definitive agreement” to purchase cloud security startup Wiz for $32 billion — the tech giant’s largest acquisition to date.
“Both cybersecurity and cloud computing are rapidly growing industries with a vast range of solutions,” the company said in a news release on March 18.
“The increased role of AI, and adoption of cloud services, have dramatically changed the security landscape for customers, making cybersecurity increasingly important in defending against emergent risks and protecting national security.”
The bombshell announcement comes after Wiz reportedly walked away from a potential $23-billion acquisition by Google in July.
Once the all-cash transaction is completed, which the tech giant expects to happen next year, the New York-based startup will join Google Cloud.
SEE ALSO
• Microsoft acquires video game giant Activision Blizzard for $69 billion
• Xerox purchasing printing rival Lexmark for $1.5 billion
• Bench Accounting being acquired by Employer.com after abrupt closure
WATCH: Employment lawyer Lior Samfiru explains the rights workers have when their employer sells the business on an episode of the Employment Law Show.
In Canada, the “seller” of the business is responsible for providing proper compensation to staff who lose their job.
If Google provides you with an employment offer, and you have a good reason for why you don’t want to...
Legislators in Sacramento, California, are mulling over one of the most (if not the most) troubling state and local tax bills of the past decade. Senate Bill (SB) 799, introduced earlier this year...