Alphabet (NasdaqGS:GOOGL) recently experienced a 2.05% decline in its share price over the last week. This period was marked by significant developments for the company, including ongoing discussions about acquiring Israeli cybersecurity firm Wiz,

Alphabet will buy fast-growing startup Wiz for about $32 billion in its biggest deal ever, the Google parent said Tuesday, as it doubles down on cybersecurity to sharpen its edge in the cloud-computing race against Amazon.

The companies didn’t disclose Wiz’s revenue in disclosing the deal and Alphabet didn’t respond to a request for information about that figure. But multiple media outlets have reported that Wiz had $500 million of annual recurring revenue at one point during 2024 and aimed to reach $1 billion in 2025.