Google Acquires Wiz for $32B

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CNBC

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Technology

Google-Wiz deal is 'litmus test' for Trump administration's handling of Big Tech

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83% Informative

Google agrees to buy security startup Wiz for $32 billion , by far its biggest deal ever.

Deal could lead to a major windfall for venture capital firms, which have struggled to generate returns since the IPO market mostly shut down in early 2022 .

Wiz will sit in Google 's cloud division, which is far from the company's dominant search business.

Google 's pursuit of Wiz may be the first big test for FTC Chair Andrew Ferguson .

Google 's biggest acquisition during the Biden presidency was its $5.4 billion purchase of cybersecurity company Mandiant .

Amazon , Apple , Amazon and Microsoft have all been accused of monopolistic practices by either the Justice Department or the FTC .

FTC 's FTC director says "Big Tech is one of the main priorities" of the administration.

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