Wiz was founded only five years ago but offers an increasingly important cloud-security service as cyber risks grow.

Google's parent company, Alphabet, has struck a deal to buy cybersecurity firm Wiz for $32 billion US in what would be the tech giant's biggest-ever acquisition, a move which comes at the same time it's facing a potential breakup of its internet empire.

In the biggest acquisition of its history, Google’s parent company, Alphabet, has confirmed the $32 billion purchase of cloud security startup Wiz. The deal is an all-cash transaction, with a portion of the total price ($1 billion) allocated as retention bonuses for Wiz’s 1,