TLDR
- Alphabet has finalized its $32 billion cash purchase of Wiz, marking the company’s largest acquisition in history
- Initially revealed in March 2025, the transaction received approval from both U.S. and European regulators before completion
- Wiz becomes part of Google Cloud while maintaining its independent brand and multi-cloud platform support
- The cybersecurity firm achieved $1 billion in ARR during 2025 ahead of the acquisition’s closure
- An earlier $23 billion proposal in 2024 was rejected by Wiz, which returned to negotiations at a significantly higher valuation
Alphabet has completed its $32 billion purchase of Wiz, the cloud cybersecurity platform, marking the tech giant’s most significant acquisition to date. The company announced the deal’s closure Wednesday morning after months of regulatory review.
The transaction timeline began with an announcement in March 2025, arriving one year after an initial approach from Google valued at $23 billion. Wiz CEO Assaf Rappaport declined that original proposal, maintaining his company commanded greater value. His conviction proved accurate—when discussions reopened in early 2025, Google returned with an offer nearly $10 billion above the previous bid.
Regulatory approval came in stages, with U.S. authorities granting clearance in November 2025 and European Union officials following suit in February 2026. The deal reached its formal conclusion this week.
Wiz develops security software designed to monitor and safeguard cloud infrastructure. The platform provides comprehensive coverage spanning code, infrastructure, and runtime environments—enabling organizations to identify vulnerabilities before they become security incidents.
According to sources with knowledge of the company’s performance, Wiz surpassed $1 billion in annual recurring revenue during 2025. This achievement positioned the company among the fastest-growing enterprise software firms in recent years.
What Wiz Brings to Google Cloud
Wiz will function as part of Google Cloud while retaining both its brand identity and multi-cloud strategy. The company’s security solutions will continue serving customers across AWS, Azure, Oracle Cloud, and Google Cloud—maintaining a platform-agnostic philosophy.
“We remain committed to our open approach, ensuring Wiz continues to support all major cloud and code environments,” Rappaport said in a statement.
Google positioned the acquisition as a strategic move to strengthen enterprise cloud security capabilities. With large organizations increasingly distributing workloads across multiple cloud providers, platform-neutral security tools have become essential infrastructure.
Alphabet CEO Sundar Pichai emphasized the strategic alignment of the deal. “By bringing Wiz and Google Cloud together, we’re making it easier for organizations to innovate with confidence,” he stated.
A Long Road to Close
The acquisition followed an unconventional path to completion. Google initially presented its offer to Wiz during 2024. Wiz declined. The company maintained its growth trajectory, reaching the $1 billion ARR threshold and validating its higher valuation expectations.
When negotiations resumed in 2025, the financial terms had shifted dramatically. The $32 billion all-cash transaction surpasses Google’s previous acquisition record—the $12.5 billion Motorola Mobility purchase completed in 2012.
Both U.S. and European regulatory bodies conducted thorough reviews. The Department of Justice provided clearance in November 2025. EU antitrust authorities completed their assessment and approved the deal in February 2026.
Alphabet shares experienced modest declines in premarket trading Wednesday following the closure announcement.
Both organizations have outlined plans to develop a “unified security platform” designed to accelerate threat detection and response capabilities across diverse cloud environments.
Wiz’s platform incorporates artificial intelligence to enhance threat detection and investigation processes. This AI-driven methodology now joins Google’s portfolio, integrating into Google Cloud’s expanding enterprise security offerings.
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