The deal, Google’s largest ever, will bolster the company’s security technology in a world of advancing artificial intelligence and cybersecurity threats. Wiz will become a part of the company’s cloud business, and Google said it expects the to close in 2026. “Google Cloud is a leader in cloud infrastructure, with deep AI expertise and a track record of industry-leading security innovation,” Google said in a release. “Bringing all this to Wiz will help make their solutions even better and more scalable, benefiting customers and partners across all major clouds.” Last year, Wiz walked away from a potential $23 billion acquisition by Google and told employees that it would pursue an IPO instead. However, the IPO market has yet to open in a significant way since deals slowed to a trickle starting in 2022, and tech companies have expressed optimism that the Trump administration will open the door to large acquisitions after a difficult four years under President Joe Biden.

Google clinched a deal for its biggest-ever acquisition, announcing it will buy cloud-security platform Wiz for about $32 billion in cash. The acquisition of Wiz is expected to close in 2026, subject to usual closing conditions including regulatory approvals, according to Google. Once closed, New York-based Wiz will join Google Cloud. Google said the Wiz acquisition will accelerate two major trends in the AI era: improved cloud security and the ability to use multiple clouds. The internet giant said cybersecurity has become “increasingly important in defending against emergent risks and protecting national security.”

Acquiring Wiz will help Google bolster its cloud business with AI-powered cybersecurity solutions that companies use to remove critical risks, helping it compete better in an industry benefiting from the rise of generative AI services like ChatGPT. "Cloud is more important than ever, and attackers are not slowing down. They are already using the most innovative technologies to move faster," said Wiz CEO and co-founder Assaf Rappaport, who had called Google's previous offer "humbling." While a tough regulatory climate in 2024 had hampered such large-scale deals, Wall Street is optimistic that a shift in antitrust policies under U.S. President Donald Trump could reignite dealmaking momentum.