The all-cash deal is set to boost Alphabet’s profile in the cloud computing market, a space currently led by Amazon and Microsoft.

Google’s parent company, Alphabet, has announced its largest-ever acquisition, entering into a deal to buy New York-based cybersecurity firm Wiz, making it a part of its Google Cloud division. This is the company’s second attempt to buy Wiz after talks stalled last year at a lower $23 billion evaluation.

Google's parent company, Alphabet, has struck a deal to buy cybersecurity firm Wiz for $32 billion US in what would be the tech giant's biggest-ever acquisition, a move which comes at the same time it's facing a potential breakup of its internet empire.