The all-cash deal is set to boost Alphabet’s profile in the cloud computing market, a space currently led by Amazon and Microsoft.

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.

Google clinched a deal for its biggest-ever acquisition, announcing it will buy cloud-security platform Wiz for about $32 billion in cash. The acquisition of Wiz is expected to close in 2026, subject to usual closing conditions including regulatory approvals, according to Google. Once closed, New York-based Wiz will join Google Cloud.