Google is making the biggest acquisition in its history. The company's parent company Alphabet is buying Wiz, the cloud security startup, for $32 billion

Google on Tuesday signed a "definitive agreement" to acquire New York-based cloud security startup Wiz for $32 billion in an all-cash deal. In July, CNBC reported that Wiz walked away from a potential $23 billion acquisition by Google and announced to employees that it would pursue an IPO instead.

Google’s agreement to buy cloud security startup Wiz will face antitrust scrutiny amid Alphabet’s ongoing legal battles.

Google’s $32 billion bet is that the opportunity here is far bigger than any of these concerns — Wiz could put Google’s services on the map at a turning point for cloud computing and AI.

Tuesday's big news that Google is acquiring security startup Wiz for a record-breaking $32 billion comes with a very big qualifier. Google says it will

Google plans to acquire cybersecurity company Wiz for $32 billion in what would be the search giant’s largest-ever acquisition.