Alphabet Merges Google Fiber with Astound and Completes $32B Wiz Acquisition
Alphabet will merge Google Fiber with Stonepeak's Astound Broadband, giving Stonepeak majority ownership and Alphabet a significant minority stake, closing in Q4 2026. Alphabet completed its $32B acquisition of cybersecurity firm Wiz to strengthen its cloud security platform across AWS, Azure and Oracle Cloud.
1. GFiber and Astound Broadband Merger
Alphabet and Stonepeak will combine Google Fiber with Astound Broadband to create a leading independent fiber provider. Stonepeak will hold majority ownership, while Alphabet maintains a significant minority stake. The combined company will be led by GFiber's existing executive team and is expected to close in Q4 2026.
2. $32B Wiz Acquisition Completed
Alphabet finalized its $32 billion acquisition of cybersecurity firm Wiz, marking its largest deal to date. Wiz’s security platform will run across AWS, Microsoft Azure and Oracle Cloud, enhancing Google Cloud’s security offerings. Executives highlighted the transaction’s potential to prevent breaches and support enterprise AI and cloud deployments.