Google to acquire cloud security startup Wiz for $32 billion

Core Insights - Google has signed a definitive agreement to acquire Wiz, a cloud security startup, for $32 billion in an all-cash deal, aiming to enhance customer security and reduce costs [1] - Previously, Wiz declined a $23 billion acquisition offer from Google, opting instead to pursue an initial public offering (IPO) [2] - Wiz had set goals for an IPO and achieving $1 billion in annual recurring revenue prior to the renewed acquisition discussions with Google [3]