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Google<\/a> is reportedly nearing a monumental acquisition of cybersecurity startup Wiz for approximately $23 billion, marking its largest purchase.<\/p>\n This potential deal outstrips its previous record of $12.5 billion paid for Motorola Mobility<\/a> in 2012. Wiz, originating from Israel and currently based in New York, stands out as one of the world\u2019s rapidly expanding software startups. It specializes in cloud-based cybersecurity services<\/a> that include real-time threat identification and mitigation, using advanced artificial intelligence<\/a> technology.<\/p>\n In 2023, Wiz reported revenues of around $350 million and worked with 40 per cent of Fortune 100 companies, as per its website. The company recently secured $1 billion in private funding, bringing its valuation to $12 billion.<\/p>\n Google, aiming to develop its cloud computing offerings, has previously acquired several companies, including the $5.4 billion purchase of cybersecurity firm Mandiant<\/a> in 2022, and Siemplify, another cybersecurity entity. Wiz has partnered with major tech players like Amazon, Microsoft, and Oracle, and has a customer base that includes prominent firms such as Morgan Stanley and DocuSign.<\/p>\n If Alphabet, Google\u2019s parent company, moves ahead with its acquisition of Wiz, it would mark a major, albeit rare, mega-deal within the tech industry under the intense regulatory gaze of U.S. President Joe Biden\u2019s administration. This period has seen a noticeable tightening in regulatory attitudes<\/a> towards the expansion of large tech entities through mergers and acquisitions.<\/p>\n The U.S. Justice Department has actively pursued Google with two major antitrust lawsuits<\/a>\u2014one challenging its dominance in search engines and another aimed at dismantling its digital advertising technology sector. A decision on the search lawsuit is anticipated by this summer.<\/p>\nCould Google\u2019s acquisition of Wiz face issues?<\/h2>\n