KEY TAKEAWAYS Google parent Alphabet has struck a deal to buy cybersecurity startup Wiz for $32 billion in an all-cash transaction, the tech giant’s largest acquisition ever. Wiz will join Google's cloud business if the deal is approved by regulators.

The acquisition could make the Silicon Valley giant a bigger force in cybersecurity, and arrives months after an earlier round of talks collapsed.

Google parent Alphabet (GOOG) has agreed to acquire cloud security platform Wiz for $32 billion in cash, the companies announced Tuesday. The deal is subject to regulatory approval and is expected to close next year,