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Investing.com -- Alphabet (NASDAQ:GOOGL), the parent company of Google, is reportedly in advanced negotiations to acquire Wiz, a cybersecurity startup, for an estimated $30 billion. This information comes from a report in the Wall Street Journal, citing sources knowledgeable about the situation.
If the discussions proceed without any unforeseen obstacles, a deal may be finalized soon. Last summer, Alphabet was on the verge of securing a deal with Wiz for approximately $23 billion, as previously reported by The Wall Street Journal. However, the negotiations did not culminate in a deal due to concerns from Wiz and some of its investors. These concerns were primarily about the duration it would take for the deal to pass regulatory checks, among other issues.
Any potential deal between Alphabet and Wiz would likely be subject to regulatory review. If completed, this acquisition would be one of the largest deals of the year.
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