Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) has officially agreed to acquire Israeli cloud security firm Wiz for $23 billion, reinforcing Google Cloud’s efforts to compete with Amazon and Microsoft in the cybersecurity space. The acquisition—the largest in Google’s history—signals a bold commitment to bolstering its enterprise cloud offering and capturing more market share through advanced security capabilities. Analysts see the move as a strategic win, given Wiz’s rapid growth and strong customer base, and some consider the stock a potential buy as Alphabet continues expanding into high-growth verticals.
As of mid-day trading on March 26, 2025, Alphabet shares are trading at $143.57, up $0.63 (0.44%) from the previous close.
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