Google’s $32 billion Wiz deal set to close this week
EXCLUSIVE: Final regulatory approvals are expected in the coming days, clearing the way for the largest exit in Israeli tech history.
Google’s massive acquisition of cybersecurity company Wiz is expected to close this week, Calcalist has learned.
The deal, signed in March 2025, is the largest exit in Israeli high-tech history, with a value of approximately $32 billion. To be completed, it had to pass a series of regulatory approvals in several jurisdictions.
The U.S. Department of Justice approved the acquisition at the end of 2025, clearing one of the most significant hurdles. The decision was closely watched, as Google has been under increasing scrutiny in the United States over antitrust concerns.
According to people familiar with the process, U.S. regulators were convinced that the acquisition of Wiz would strengthen competition against Amazon’s AWS and Microsoft’s Azure rather than harm competition in the cloud market.
Most recently, the European Commission approved the deal without imposing restrictive conditions. European regulators concluded that the acquisition does not raise significant competition concerns, noting that customers can still switch relatively easily between different cloud security providers.
Final regulatory approvals from Australia and South Africa are expected to arrive this week, paving the way for the transaction to be formally completed.
It is still difficult to estimate precisely how much money will flow to the Israeli tax authority as a result of the deal. However, conservative estimates suggest tax revenues of about NIS 10 billion (approximately $3.2 billion).
Most of the tax payments are expected to come from capital gains taxes on the company’s founders, who together own roughly 40% of Wiz, as well as from taxation on employee share options, which could yield hundreds of millions of dollars.
Since its founding, Wiz has raised about $1.9 billion in multiple funding rounds.
The company’s first investor was Cyberstarts, the cybersecurity-focused venture capital firm founded by Gili Raanan, which invested in the company at the Seed stage.
Other early investors include Sequoia Capital, Index Ventures, and Insight Partners. Later growth rounds were led by Lightspeed Venture Partners and Greenoaks, while Andreessen Horowitz joined in a later-stage round. Additional investors include Blackstone and Salesforce, among others.
According to industry estimates, the company’s four founders each hold a little under 10% of Wiz, meaning they are expected to receive around $3 billion each from the sale.
Index Ventures, one of the company’s largest investors, holds about 12% of Wiz and is expected to receive approximately $3.8 billion.
Cyberstarts, which first backed the company at the Seed stage, holds an estimated 4%-5% stake. Although the firm sold part of its holdings to Blackstone in 2021, it retained a significant stake that now represents an extraordinary return of roughly 200 times its original investment. The fund is expected to receive between $1.3 billion and $1.6 billion from the deal.
Wiz currently employs about 1,800 people worldwide, including roughly 1,000 employees in Israel. Many of them hold stock options and shares that together are estimated to be worth about $3 billion.
In addition to the share payouts, Google has allocated about $1.5 billion in retention bonuses, to be paid in a mix of cash and Google shares to employees who remain with the company after the acquisition is completed.
Wiz was founded by Assaf Rappaport, Ami Luttwak, Yinon Costica and Roy Reznik.
