Google Completes Historic $32 Billion Wiz Acquisition, Its Largest Deal Ever

Google has officially completed its $32 billion all-cash acquisition of Wiz, the cloud security startup that became the fastest company in cybersecurity history to reach $500 million in annual recurring revenue. The deal, first announced in March 2025, is Google's largest acquisition ever — surpassing the $12.5 billion Motorola Mobility deal in 2012 — and fundamentally reshapes the cloud security landscape.

Regulatory Gauntlet

The acquisition required approval from regulators across multiple jurisdictions, a process that took nearly a year to complete. The U.S. Department of Justice cleared the deal in November 2025, while the European Commission granted unconditional approval in February 2026 after determining that the combined entity would still face sufficient competition from CrowdStrike, Palo Alto Networks, and Microsoft's security offerings.

Google committed to several concessions during the review process, including maintaining Wiz's multi-cloud support for AWS, Azure, and Oracle Cloud for at least five years, and keeping Wiz's pricing independent from Google Cloud contracts. These commitments were designed to address concerns that Google would use the acquisition to lock customers into its cloud platform.

Integration Plan

Wiz will join Google Cloud but maintain its own brand and product identity. Co-founder Assaf Rappaport will lead the combined cloud security organization, reporting directly to Google Cloud CEO Thomas Kurian. The integration will combine Google's Threat Intelligence and Security Operations platforms with Wiz's Cloud Security Platform, creating what Google describes as "the most comprehensive AI-powered security solution for multi-cloud environments."

Google has committed $1.5 billion in cash and stock retention bonuses for Wiz's 1,800 employees — an unusually large retention package that reflects the intensity of competition for cybersecurity talent. Wiz employees hold equity valued at approximately $3 billion based on the acquisition price.

Market Impact

The closing immediately changes the competitive dynamics of cloud security. CrowdStrike and Palo Alto Networks shares both dipped on the news, as investors recalculate market share projections with Wiz operating under Google's distribution umbrella. Microsoft, which had been Wiz's largest cloud security competitor, now faces a rival with both superior technology and Google's enterprise sales force behind it.

For Google Cloud, which has long trailed AWS and Azure in market share, the acquisition provides a differentiated security story that could accelerate enterprise cloud migrations. Security has consistently ranked as the top concern for enterprises evaluating cloud providers, and Wiz's reputation gives Google a credibility boost that years of internal development couldn't achieve.