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 has announced it will acquire cloud security startup Wiz. If completed, the acquisition — an all-cash deal valued at $32 billion — would mark the largest in Google's history.

Google announced it has signed a definitive agreement to acquire Wiz, a leading cloud security platform, for $32 billion in an all-cash transaction. Once closed, Wiz will join Google Cloud.