In a historic move, Google, under its parent company Alphabet, is set to acquire cloud security startup Wiz for $32 billion. The acquisition aims to strengthen Google's position in the enterprise cloud market and enhance its security offerings. Although the deal is reportedly finalized, it still awaits regulatory approval. This acquisition follows a previous attempt last year at a $23 billion valuation, which failed due to antitrust concerns. Wiz has shown significant growth, achieving $500 million in annual recurring revenue and is on track to double that. Both companies have yet to confirm the deal officially.