Google parent Alphabet has struck a deal to buy cybersecurity startup Wiz for $32 billion in an all-cash transaction, in the tech giant’s largest acquisition ever.

Alphabet Inc. plans to conduct its largest deal ever - a $32 billion acquisition of cybersecurity company Wiz.

Alphabet has agreed to purchase fast growing, privately held cybersecurity firm Wiz in an all-cash, $32 billion deal. Google stock fell amid the news.