Google parent Alphabet Inc. (NasdaqGS:GOOGL) is in advanced talks to acquire cybersecurity startup Wiz, Inc. for roughly $23 billion, a person familiar with the matter said, in a deal that would represent the technology giant's biggest acquisition ever. The deal, being funded mostly in cash, could come together soon, the source added, speaking on condition of anonymity. Wiz, founded in Israel and now headquartered in New York, is one of the fastest-growing software startups globally, providing cloud-based cybersecurity solutions with real-time threat detection and responses powered by artificial intelligence.

If Alphabet moves ahead with the deal, it would be a rare example of a major technology company attempting a mega-deal amid heightened regulatory scrutiny of the sector under U.S. President Joe Biden's administration. In recent years, U.S. regulators have indicated growing aversion to large technology companies getting bigger through acquisitions. Alphabet and Wiz did not immediately respond to requests for comment.

The Wall Street Journal reported Alphabet's talks with Wiz earlier on July 14, 2024.