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Google is close to making its biggest acquisition ever | CNN Business (www.cnn.com)

submitted 4 months ago by gedaliyah@lemmy.world to c/technology@lemmy.world

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Google owner Alphabet is in advanced discussions to buy fast-growing cybersecurity startup Wiz for roughly $23 billion, a person familiar with the matter confirmed to CNN.

A takeover of Wiz, which makes cybersecurity software for cloud computing, would represent a major bet by Google on cybersecurity, marking the tech giant’s biggest-ever acquisition.

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[–] Burn_The_Right@lemmy.world 12 points 4 months ago (1 children)

How is it legal for Google to acquire anything at this point?

[–] Ransack@lemmy.dbzer0.com 3 points 4 months ago

Well technically it's not Google, it's their mother company Alphabet. Tons of companies are built up like this.

I get what you are implying but it's quite the norm.