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Alphabet (GOOGL), the search engine, may be back in business.
The tech giant and Google parent company is once again considering the acquisition of cybersecurity software provider Wiz, according to a Monday report from The Wall Street Journal that valued a potential deal at $30 billion.
According to the story, which quoted people familiar with this matter, a deal could “come together soon.” The latest news follows last year’s reports of a possible deal between the companies—at a lower price tag, but which didn’t result in a transaction.
Neither Alphabet nor Wiz immediately responded to Investopedia's request for comment.
Alphabet could make its largest acquisition. Wiz executives stated last year that an IPO was the next step for the company, since a deal seemed to be off the table. The original deal could have also been put aside due to concerns about regulatory scrutiny.
Shares of Alphabet fell less than 1% in Monday's session. They're down about 12% for the year so far.
