Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) Google’s parent company, has announced its largest acquisition to date, agreeing to purchase cybersecurity startup Wiz for $32 billion in an all-cash transaction. Wiz, founded in 2020, specializes in cloud security solutions that identify vulnerabilities across major platforms, including Amazon Web Services and Microsoft Azure. This strategic move aims to bolster Google’s cloud security offerings and enhance its competitiveness in the cloud services market.
As of 11:54 AM EST on March 18, 2025, Alphabet’s stock (NASDAQ: GOOG) is trading at $161.79, reflecting a decrease of $4.78 (2.87%) from the previous close.
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About Alphabet Inc.
Alphabet Inc. is a multinational conglomerate headquartered in Mountain View, California, and serves as the parent company of Google. Founded in 2015, Alphabet oversees a diverse portfolio of businesses, including Google’s core internet products, life sciences research through Verily, self-driving car development via Waymo, and various other technology ventures. The company’s mission is to organize the world’s information and make it universally accessible and useful, while continually pushing the boundaries of innovation across multiple industries.
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