Google-Wiz Deal Talks Are Back On, WSJ Report Says

Alphabet ( GOOGL ) may be shopping again.

The tech giant and Google parent company is once again considering the acquisition of cybersecurity software provider Wiz, according to a Monday report from The Wall Street Journal that valued a potential deal at $30 billion.

The story, which cited people familiar with the matter, said a deal "could come together soon." The latest news follows last year's reports of a possible deal between the companies—at a lower price tag, but which didn't result in a transaction.

Neither Alphabet nor Wiz immediately responded to Investopedia's request for comment.

An acquisition would be Alphabet's biggest ever. Wiz executives last year said that, with a deal apparently off the table, the company would instead target an IPO . The original deal may also have been set aside amid concerns of regulatory scrutiny.

Shares of Alphabet fell less than 1% in Monday's session. They're down about 12% for the year so far.

Read the original article on Investopedia

OK