"The report said Google's parent company, Alphabet, is in "advanced talks" to buy the New York-based Wiz, in a deal that would double its largest acquisition to date " the $12.5 billion purchase in 2012 of Motorola " and would mark the biggest acquisition of an Israeli tech firm.

The newspaper noted the potential deal comes as Google is seeking to improve its cloud computing business, which Wiz provides cybersecurity for, and would come as startups have been wary of mergers and acquisitions due to concerns of antitrust scrutiny.

Wiz was co-founded in early 2020 by Assaf Rappaport, Yinon Costica, Ami Luttwak and Roy Reznik, the same team that founded the firm Adallom, which was sold to Microsoft for $320 million in 2015. They also led Microsoft Azure's Cloud Security Group.

Its customers include 40 percent of the Fortune 100 companies, such as Slack, Mars, BMW, DocuSign, Plaid and Agoda."