Alphabet, the parent company of Google, is in advanced talks to acquire cybersecurity startup Wiz for $23 billion, the Wall Street Journal reported on Sunday. If this deal does end up getting done, it would be Alphabet’s largest acquisition yet. If the deal does get completed, it could affect venture and startups in multiple ways, some more obvious but others much less so. “The size of the acquisition, which is huge — the market is very much ready for an exit of this size,” Lee said. But if it does, it also might be what the venture market needs to start seeing some movement.

Source: Wall Street Journal July 21, 2024 06:47 UTC