A new all-cash deal came together after talks fizzled last summer
Wiz CEO Assaf Rappaport is of course a graduate of the Technion, and after studying computer science on one of the special programmes that the Technion offers, he went on to set up his first company which he then sold to Microsoft. Assaf has appeared on the cover of Forbes magazine and was selected by Time magazine as one of the world’s leaders shaping the future. This is Israel’s biggest ever exit.
Google parent Alphabet (GOOGL -3.44%) agreed to acquire cybersecurity startup Wiz for $32 billion, in a massive bid to bolster its cloud business that has struggled to keep up with rivals.
The all-cash deal would be Google’s largest ever and also the biggest deal struck so far in 2025. The Wall Street Journal reported Monday evening that the talks between the two companies were advanced and an agreement could be reached soon.
Alphabet had been close to a roughly $23 billion deal for Wiz last summer, the Journal previously reported.
The talks fell apart, however, as Wiz and some of its investors had concerns about the time it would take for a deal to clear regulatory hurdles, among other issues.
Bankers and CEOs came into the year hoping for big deals, but market volatility and Washington turmoil have sapped confidence. Google moving to strike its biggest deal ever, and the biggest deal of the year, would be a test of the Trump administration’s antitrust appetite and a barometer for other tech deals.
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