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Google To Acquire Wiz For $32bn In Cloud Security Mega-Deal
- Google to acquire New York-based cloud security company Wiz in a $32 billion all-cash deal.
- Google aims to expand its offerings and compete with cloud rivals Microsoft Azure and Amazon Web Services.
- The acquisition will help scale Wiz’s services, which will continue to work on competitors' platforms.
- Wiz, founded in 2020, has reached $100 million in annual recurring revenue in just 18 months.
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