Google’s $32B Acquisition of Wiz
Deal Overview
Parties to transaction: Google LLC and Wiz, Inc.
Total transaction size: $32 Billion USD
Transaction structure: all-cash
Closing date: expected to close some point in 2026
Public announcement date: March 18, 2025
Google LLC (“Google”) entered into a definitive agreement to acquire Wiz, Inc. (“Wiz”) in March, 2025. On closing, Wiz will join Google Cloud to improve cloud security and the ability to use multiple clouds. Google Cloud is already a leader in cloud infrastructure and hopes to leverage Wiz’s security platform which connects all major clouds and code environments to prevent cybersecurity incidents. The acquisition is subject to antitrust reviews globally but has thus far passed review by the US Department of Justice and the European Commission.
Company Details: Acquirer
Google was founded on September 4, 1998 in Menlo Park, California by Larry Page and Sergey Brin.
Sundar Pichai has been CEO of Google since August 2015.
In March 2025, Google had a valuation of $1.89 trillion USD.
Google, as a subsidiary of Alphabet Inc., falls within the communication services sector under the media & entertainment industry. Google focuses on internet-related products, and particularly Google Cloud (which will be joining with Wiz on closing) focuses on cloud computing.
Google’s mission is to “significantly improve the lives of as many people as possible” and “organize the world’s information and make it universally accessible and useful”. These are supported by their values of user protection, responsible AI, opportunity for all, social impact, and building for everyone.
Google’s business is centred around Google Services (Search, YouTube, Gmail), Google Cloud, and hardware and platforms (Pixel, Android). Google has now developed into being an AI-first organization, with its core products now revolving around its Gemini AI model.
Google rose to success primarily through the success of Google Search and its advertising ecosystem, as well as YouTube, Gmail and Android. Some of its failures include Google+ (a social network platform that failed to compete with Facebook) and Google Glass (a consumer product of wearable glasses with a camera) which failed due to the high costs, privacy concerns and poor battery life. Google often updates its blog to elaborate on updates to its services, notably often to Google Search to reduce low-quality, unoriginal results and reducing the amount of spam results.
Google and its parent company, Alphabet Inc., have acquired over 270 companies. The acquisition of Wiz marks its largest acquisition thus far. Some of Google’s biggest acquisitions highlight its shift away from Search and advertising towards a focus on hardware and cloud security. In 2022, Google acquired Mandiant (a cybersecurity company) for $5.4B. They have also acquired talent from DeepMind and Windsurf.
Company Details: Target
Wiz was founded in January, 2020 in New York City, by former Microsoft executives Assaf Rappaport, Yinon Costica, Roy Reznik, and Ami Luttwak.
Assaf Rappaport has been CEO of Wiz since its founding.
In March 2025, Wiz had a valuation of $45.37 billion USD.
Wiz operates within the cybersecurity and cloud software industries. Wiz specializes in Cloud-Native Application Protection Platform designed for cloud security management.
Wiz’ core values are to be truthful, win together, lead by example, execute with excellence, and to act confident while staying humble. Their overall mission is to assist organizations in accelerating business by identifying and removing critical risks in cloud environments.
Wiz’ core service is its cloud security platform which enables building faster in the cloud in a safe self-service model. It is a comprehensive cloud-native application protection platform.
Wiz is unique for its agentless, graph-based platform which analyses cloud infrastructures for security risks. Wiz rise in such a short time is considered unprecedented. From inception, Wiz founders were focused on building an enterprise grade solution and built a product with special ergonomics. The graph-based database that Wiz uses is a key aspect that has propelled its success.
Wiz has pursued some strategic acquisitions of its own in its run-up to becoming a target for Google. It acquired Dazz in November 2024 to leverage Dazz’s remediation engine to correlate data from multiple sources and manage application risks in one platform. Wiz also acquired Gem Security in April 2024, a cloud detection start-up to strengthen threat detection.
The Acquisition:
The acquisition was announced on March 18, 2025 with Google announcing it signed a definitive agreement to acquire Wiz for $32 billion in an all-cash transaction.
Google’s acquisition of Wiz marks an investment into accelerating two large trends in AI: improved cloud security and the ability to use multiple clouds. Wiz’s security platform connecting all major clouds and code environments provides a vast range of solutions that will bolster Google’s security landscape. As a heavyweight in cloud infrastructure, Google Cloud plans to combine its AI expertise and security innovation with Wiz’ solutions to make them more scalable to benefit customers across all major clouds.
The stated goals and results of the combination of Google Cloud and Wiz are:
Improvement in how security is designed, operated, and automated;
Scale cybersecurity teams by providing them an automated security platform;
Lower customers cost of implementing and managing security controls;
Protect against new threats posed by evolving AI; and
Boost adoption of multicloud security to boost customer ability to use multiple clouds.
On closing, Google will integrate Wiz into its Google Cloud group to improve Google’s cloud security and enable multi-cloud.
Wiz founder, Rappaport, in his announcement of the acquisition, noted that Wiz and Google were united in their belief that cloud security should be easier, more accessible, intelligent and democratized. Wiz will retain its brand and operate independently of Google, while also remaining available across all major cloud platforms.
Google is being advised by Freshfields LLP. Cleary Gottlieb Steen & Hamilton are also advising Alphabet on regulatory issues related to the acquisition, while Wiz is being represented by Fenwick & West. Cravath; Swaine & Moore is acting as Wiz’s regulatory counsel.
Legal Contentions & Regulatory Impact:
Google’s acquisition of Wiz—its largest acquisition ever—was under review by the US Justice Department to see if the acquisition illegally limits market competition. This was a pivotal point in the journey to completing the acquisition, as the DOJ ruled that Google’s online search and ad business practices violated antitrust laws.
In October 2025, the US DOJ concluded its antitrust review of the acquisition before the end of the mandatory review period. Under the Hart-Scott-Rodino Act, acquisitions meeting certain filing thresholds require the parties to submit a premerger filing providing information about their businesses and industry to enable US antitrust officials to review any potential effect on competition. Under Section 7 of the Clayton Act, mergers and acquisitions where the effect may “substantially lessen competition or tend to create a monopoly” may be prohibited. The DOJ found no grounds to delay or block the merger, granting an early termination of the waiting period under the HSR Act, allowing Google to proceed with the acquisition.
In February 2026, the European Commission approved the acquisition stating that it would not raise any competition concerns in the European Economic Area under the EU Merger Regulation. Regulatory approvals in Australia, South Africa, Turkey, and Israel are pending.
Industry Impact:
Tech acquisitions can create uncertainty, and in this case, many are asking what Google’s acquisition of Wiz means for the multi-cloud environment. Competitors had been outpacing Google in the enterprise cloud market. Wiz has had a rapid rise over a short time period. Wiz’s CEO was reticent when Google initially approached them with an offer in 2024 as Wiz wanted to maintain its independence. While Wiz has assured it will remain available across all major cloud platforms, it is unclear whether competitors like Microsoft and Amazon Web Services will continue to support Wiz on its platforms. Some industry experts have noted that the acquisition of Wiz bolsters Google Cloud’s position as a credible rival to Microsoft.
House View:
Maintaining Wiz’s independent brand will be important to avoid companies running workloads on Amazon Web Service or Azure to switch to neutral security providers.
Some concerns post-acquisition include the integration phase as Wiz moves into Google’s corporate structure which could result in deployment delays. Companies who have invested in Wiz may need to retrain their security teams if interfaces or capabilities are changed in the acquisition. The acquisition intensifies competition amongst major players including CrowdStrike, Palo Alto Networks and others. Competitors and niche startups could take advantage of consumer hesitation about Google lock-in resulting from the acquisition.
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