Alphabet will buy fast-growing startup Wiz for about $32 billion in its biggest deal ever, the Google parent said Tuesday, as it doubles down on cybersecurity to sharpen its edge in the cloud-computing race against Amazon.

Alphabet (NasdaqGS:GOOGL) recently experienced a 2.05% decline in its share price over the last week. This period was marked by significant developments for the company, including ongoing discussions about acquiring Israeli cybersecurity firm Wiz,

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.