WASHINGTON (dpa-AFX) - Tuesday, tech giant Google announced its decision to acquire Wiz, Inc., a cloud security platform, for $32 billion in an all-cash transaction.
The Alphabet Inc. (GOOG)-owned company expects the acquisition to accelerate cloud security, enhance the ability to use multiple clouds, protect against security threats, and provide automated security platform.
In the pre-market hours, Alphabet's stock is trading at $166.20, down 0.22 percent on the Nasdaq.
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