
Alphabet (GOOGL.O) said this week it would buy Wiz for about $32 billion in its biggest deal as the Google parent doubles down on cybersecurity to sharpen its edge in the cloud-computing race against Amazon.com (AMZN.O) and Microsoft (MSFT.O).
The all-cash buyout comes after Wiz rejected a $23 billion bid from Alphabet last year due to concerns about antitrust approvals and its aim to focus on an initial public offering.