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Google to acquire cloud security startup Wiz for $32 billion
CNBC· 2025-03-18 12:41
Assaf Rappaport, Wiz, on Centre Stage during day one of Web Summit 2021 at the Altice Arena in Lisbon, Portugal.Google on Tuesday signed a "definitive agreement" to acquire Wiz, the New York-based cloud security startup, for $32 billion in an all-cash deal, according to releases.The company said the agreement will give customers better security while also lowering costs. Last July, CNBC reported that Wiz walked away from a potential $23 billion acquisition by Google, announcing to employees that it would pu ...
Google Announces Agreement to Acquire Wiz
Prnewswire· 2025-03-18 12:30
MOUNTAIN VIEW, Calif. and NEW YORK, March 18, 2025 /PRNewswire/ -- Google LLC today announced it has signed a definitive agreement to acquire Wiz, Inc., a leading cloud security platform headquartered in New York, for $32 billion, subject to closing adjustments, in an all-cash transaction. Once closed, Wiz will join Google Cloud.This acquisition represents an investment by Google Cloud to accelerate two large and growing trends in the AI era: improved cloud security and the ability to use multiple clouds (m ...
Google is buying Wiz for $32B to beef up in cloud security
TechCrunch· 2025-03-18 11:46
Google is making the biggest acquisition in its history. The company’s parent company Alphabet is acquiring Wiz, the cloud security startup, for $32 billion, our sources say.The deal will still need regulatory and other approvals before closing. From what we can see Google and Wiz have yet to confirm anything official. The deal has been on-again off-again for nearly part of a year and appeared to revive again this week, with Thomas Kurian — the CEO of Google Cloud — in Europe at the moment. (Assaf Rappaor ...
Report: Alphabet Close to $30 Billion Acquisition of Wiz
PYMNTS.com· 2025-03-17 23:22
Core Viewpoint - Alphabet is reportedly nearing a $30 billion acquisition deal for cybersecurity startup Wiz, following a previous $23 billion bid that was rejected last summer [1][2]. Group 1: Acquisition Details - The acquisition would enhance Alphabet's cloud computing capabilities by integrating Wiz's advanced security features [2]. - If finalized, this deal would mark Google's largest acquisition to date, surpassing the $12.5 billion purchase of Motorola Mobility in 2012 [2]. - Wiz had previously rejected a $23 billion acquisition offer from Google, opting instead to pursue an initial public offering (IPO) [2][3]. Group 2: Company Valuation and Funding - Wiz was valued at $12 billion after securing $1 billion in funding during a May funding round, with plans to utilize the financing for acquisitions and talent development [3]. - The company achieved 100 official integrations within the first year of launching its Wiz Integration platform, allowing independent software vendors to create bi-directional integrations on the Wiz API [4]. Group 3: Regulatory and Security Credentials - Wiz was authorized as a CVE Numbering Authority (CNA) by the Common Vulnerability and Exposure (CVE) Program, enabling it to assign CVEs to vulnerabilities and share cybersecurity vulnerabilities with the public [5]. - The company also received FedRAMP Moderate authorization for its Wiz for Government product, in addition to its StateRAMP authorization and IL4 in-process status [5]. Group 4: Strategic Positioning - Wiz positions itself at the intersection of cloud, AI, and cybersecurity, offering a unified platform to assess and manage risks across various cloud environments and AI security postures [6].
Google revives talks to acquire Wiz at higher valuation
TechCrunch· 2025-03-17 23:11
Google’s parent company Alphabet is again in advanced talks to acquire cloud cybersecurity startup Wiz, a person familiar with the deal told TechCrunch. The two companies were close to securing a deal at a $23 billion valuation last summer, but the transaction failed to materialize. This time, the price being discussed is higher, the person said. A price of around $30 billion was reported by The Wall Street Journal. Thomas Kurian, head of Google’s cloud division, is again leading the effort.Google Cloud se ...
Google parent Alphabet back in deal to buy cybersecurity startup Wiz for $30B: report
New York Post· 2025-03-17 21:15
Google-parent Alphabet is in advanced talks to acquire cybersecurity startup Wiz for around $30 billion, the Wall Street Journal reported Monday, in what could be the tech giant’s largest deal ever.A deal could come together soon, granted the talks don’t hit last-minute snags, the report said, citing people familiar with the matter.Wiz had called off a $23-billion deal with Alphabet last year to focus on its initial public offering.A deal for Wiz would be the Google parent’s largest tech deal ever. Sundry P ...
Are We Witnessing Alphabet Transform Into the Old IBM?
The Motley Fool· 2025-03-17 16:00
The future of Google's parent company's looks murkier than ever.Alphabet (GOOG -0.93%) (GOOGL -0.93%) is often considered a reliable blue chip tech stock. It owns Google, the world's most widely used search engine; Android, the largest mobile operating system; Chrome, which dominates the web browser market; and YouTube, the top streaming video platform with over 2.7 billion monthly active users. It also provides a broad range of market-leading cloud-based productivity and infrastructure services.Over the pa ...
Alphabet Stock: The Market Is Missing The Bigger Picture
Seeking Alpha· 2025-03-17 14:50
Daniel Sereda is chief investment analyst at a family office whose investments span continents and diverse asset classes. This requires him to navigate through a plethora of information on a daily basis. His expertise is in filtering this wealth of data to extract the most critical ideas. He runs the investing group Beyond the Wall Investing in which he provides access to the same information that institutional market participants prioritize in their analysis. Learn moreAnalyst’s Disclosure: I/we have a ben ...
Thank You President Trump, Alphabet Is Cheap Again
Seeking Alpha· 2025-03-17 13:00
Hi there, welcome to my profile. My name is Eugenio Catone, I live in Italy and I am 26 years old. In 2023 I graduated in Business Administration and I am completing my studies. My interest in financial markets started about 5 years ago when I accidentally came across a video about trading. That was the spark that introduced me to a new world, but over time I realized that it was not my path: too many charts, lines, and not very concrete concepts for a pragmatic person like me. I needed something different ...
Alphabet Stock Has Lost Over $500 Billion in Market Cap. Is the Google Parent a Top AI Stock to Buy Now?
The Motley Fool· 2025-03-17 11:15
The latest tech sell-off has been hard on many companies, including Alphabet (GOOG 1.75%) (GOOGL 1.68%). At its high, Alphabet attained a valuation worth over $2.5 trillion. Now, it sits at $2 trillion. That's a huge amount of value erased from one of the world's top tech companies in just a few weeks. But was the sell-off justified for Alphabet?Alphabet is now the cheapest stock in the Magnificent Seven cohort by far, yet it has better finances than many of the others in that grouping. As a result, I think ...