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Housing Starts, Imports/Exports Better than Expected
ZACKS· 2025-03-18 15:30
Company Acquisition - Google parent Alphabet is acquiring cloud security firm Wiz for $32 billion in cash, marking its largest acquisition to date [2] - The acquisition is expected to enhance Google's cloud security platform and may trigger further corporate buyouts in the industry [2] Housing Market Insights - Housing Starts increased by 11.2% to 1.50 million annualized units in February, surpassing expectations of 1.38 million [3] - Single-family units rose by 11% and multi-family units by 12%, although both categories remain down year-over-year [4] - Building Permits slightly exceeded estimates at 1.456 million, but were down 1.2% from the previous month [5] Trade Data - The Import Price Index rose by 0.4% in February, matching the previous month's increase and marking the highest levels since April 2024 [6] - Exports increased by 0.1% in February, reversing an expected decline, with a year-over-year growth of 2.1% [7] NVIDIA Developments - NVIDIA CEO Jensen Huang is set to deliver a keynote address at the GPU Technology Conference, addressing expectations for AI development [9] - NVIDIA shares have decreased by 11% year-to-date after experiencing a significant increase of over 2200% in the past five years [9]
What Google's $32 billion Wiz acquisition means for startups — and Trump
Business Insider· 2025-03-18 14:32
Google is buying cybersecurity firm Wiz for $32bn — its biggest acquisition ever.It's also the biggest deal of the year so far and a major test for Donald Trump's antitrust regime.A deal of this size could also supercharge more M&A following a slow few years.Just when 2025 was off to a slow start for M&A, Google announced its largest-ever acquisition. Google's parent company, Alphabet, and Wiz confirmed Tuesday that they had reached an agreement on the $32 billion all-cash deal.The two companies were in ta ...
Google Pays $32 Million to Add Wiz's Security to Cloud Platform
PYMNTS.com· 2025-03-18 14:19
Core Insights - Google is set to acquire cloud security platform Wiz for $32 billion, marking its largest acquisition to date [1] - The acquisition aims to enhance cloud security and support multi-cloud capabilities in the AI era [1] Company Summary - Wiz's security platform connects to all major clouds and code environments, providing protection against cybersecurity incidents [2] - Wiz's products will remain available on major cloud platforms, including Amazon Web Services, Microsoft Azure, and Oracle Cloud [2] - The acquisition follows a previous rejected bid of $23 billion by Wiz, indicating the company's strong market position [3] Industry Context - Both cybersecurity and cloud computing are rapidly growing sectors, with AI playing a significant role in transforming the security landscape [2] - The increasing importance of cybersecurity is underscored by the evolving threat environment, which includes both high-tech and low-tech scams targeting executives [5]
Google to acquire cloud cybersecurity startup Wiz for $32B
Proactiveinvestors NA· 2025-03-18 14:12
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive focuses on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Alphabet to buy cybersecurity startup Wiz for $32 billion
TechXplore· 2025-03-18 13:55
Core Insights - Alphabet, the parent company of Google, is set to acquire cybersecurity firm Wiz for $32 billion, marking the largest acquisition in Google's 25-year history [2][4]. - The acquisition aims to enhance Google's cloud computing capabilities, particularly in security, amidst the growing demand for artificial intelligence solutions [1][3]. Company Strategy - The deal is expected to provide Google with a competitive edge in the cloud-computing sector by integrating Wiz's security tools, which are designed to protect data in remote data centers [3][4]. - Wiz's CEO emphasized that the partnership will focus on making cloud security more accessible and intelligent, aligning with the trend of democratizing cloud and AI usage [3]. Financial Aspects - The acquisition price of $32 billion exceeds a previous buyout proposal of $23 billion that Wiz rejected in July [4]. - This cash transaction reflects Google's commitment to investing in security solutions as part of its broader strategy to enhance cloud services [2]. Regulatory Considerations - The acquisition will undergo scrutiny from antitrust regulators, with expectations that the current administration may have a mixed approach towards big tech mergers [4][5]. - The new Federal Trade Commission Chair has indicated a rigorous review process for mergers and acquisitions, which may impact the deal's approval [5].
Google to acquire cloud security startup Wiz for $32 billion
CNBC· 2025-03-18 12:41
Core Insights - Google has signed a definitive agreement to acquire Wiz, a cloud security startup, for $32 billion in an all-cash deal, aiming to enhance customer security and reduce costs [1] - Previously, Wiz declined a $23 billion acquisition offer from Google, opting instead to pursue an initial public offering (IPO) [2] - Wiz had set goals for an IPO and achieving $1 billion in annual recurring revenue prior to the renewed acquisition discussions with Google [3]
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
Group 1 - Alphabet, Google's parent company, is in advanced talks to acquire cloud cybersecurity startup Wiz, with discussions indicating a valuation of around $30 billion, higher than the previous $23 billion valuation last summer [1] - Wiz's annual recurring revenue (ARR) was reported at $500 million last July, with plans to reach $1 billion in ARR by 2025 [2] - Wiz's valuation has increased from $12 billion during its last funding round to approximately $16 billion in an employee tender offer late last year [3] Group 2 - Previous acquisition talks failed due to disagreements on whether Wiz would operate as a separate division or be integrated into Google Cloud, as well as high regulatory scrutiny under the Biden administration [4] - There is an observed increase in M&A activity, with hopes that the current FTC Chair will be less restrictive on large transactions compared to the previous chair [5] - Wiz was founded in 2020 by former Israeli military officers and has notable backers including Andreessen Horowitz and Sequoia [6]
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 ...