Google set to acquire cybersecurity firm Wiz for $32 billion
Top News
5 days, 10 hours ago

Google set to acquire cybersecurity firm Wiz for $32 billion

Hindustan Times  

Google parent Alphabet Inc. agreed to acquire cybersecurity firm Wiz Inc. for $32 billion in cash, reaching a deal less than a year after initial negotiations fell apart because the cloud-computing startup wanted to stay independent. Google will acquire cloud security platform Wiz for $32 billion, citing the need for greater cybersecurity capacity as artificial intelligence embeds itself in technology infrastructure. The deal, which would be Alphabet’s largest to date, comes after Wiz turned down a $23 billion bid from the internet search leader last year after several months of discussions. Buying Wiz provides Google’s cloud-computing business with new security products to offer customers as it works to catch up with Microsoft Corp. and Amazon.com Inc., its larger rivals in the fast-growing, competitive market.

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History of this topic

Google’s $32 Billion Wiz Buyout Fast-Tracked Under Donald Trump's Leadership: Report
Top News
4 days, 16 hours ago

Google’s $32 Billion Wiz Buyout Fast-Tracked Under Donald Trump's Leadership: Report

ABP News  

Google's parent company, Alphabet Inc, acquired Israeli cybersecurity start-up Wiz on Tuesday in a record-breaking deal worth $32 billion. The new valuation was 39 per cent higher than Google’s previous bid and included a reverse breakup fee exceeding $3.2 billion—over 10 per cent of the total deal value. Google saw the premium as a justified investment, considering Wiz’s 70 per …

Google to buy cybersecurity firm Wiz for $32 billion in biggest deal in company's history
Trending News
4 days, 18 hours ago

Google to buy cybersecurity firm Wiz for $32 billion in biggest deal in company's history

Deccan Chronicle  

San Francisco: Google has struck a deal to buy cybersecurity firm Wiz for $32 billion in what would be the tech giant's biggest-ever acquisition at the same time it's facing a potential breakup of its internet empire. Wedbush analysts called Google's move to buy Wiz “a shot across the bow” at other tech giants, particularly Microsoft and Amazon, who have …

Google buys Wiz: Backer Sequoia Capital to reap 25-fold return from the deal
4 days, 22 hours ago

Google buys Wiz: Backer Sequoia Capital to reap 25-fold return from the deal

Hindustan Times  

Wiz backer Sequoia Capital is poised to deliver a return of about 25 times its invested capital from the cybersecurity startup’s pending sale to Google parent Alphabet Inc., according to a person with knowledge of the matter. The multiple on invested capital, known as MOIC, is calculated based on Sequoia’s roughly 10% stake in Wiz, which Alphabet agreed to buy …

Google to buy cybersecurity firm Wiz for $32 billion in the biggest deal in company’s history
5 days, 11 hours ago

Google to buy cybersecurity firm Wiz for $32 billion in the biggest deal in company’s history

Associated Press  

SAN FRANCISCO — Google has struck a deal to buy cybersecurity firm Wiz for $32 billion in what would be the tech giant’s biggest-ever acquisition at the same time it’s facing a potential breakup of its internet empire. Wedbush analysts called Google’s move to buy Wiz “a shot across the bow” at other tech giants, particularly Microsoft and Amazon, who …

Google Parent Entity, Alphabet, Agrees To Acquire Cybersecurity Start-Up Wiz For $32 Billion: Report
5 days, 11 hours ago

Google Parent Entity, Alphabet, Agrees To Acquire Cybersecurity Start-Up Wiz For $32 Billion: Report

ABP News  

Google's parent company, Alphabet, has reportedly agreed to buy cybersecurity start-up Wiz for at least $32 billion, The Financial Times reported on Tuesday. If finalised, the deal would significantly strengthen Google's cloud business by integrating Wiz’s AI-driven cybersecurity solutions. If Alphabet successfully acquired Wiz, it would mark a major expansion into the cybersecurity market, bolstering its cloud infrastructure division, which …

Google makes its biggest-ever acquisition
6 days ago

Google makes its biggest-ever acquisition

CNN  

CNN — Google announced a deal Tuesday to buy rapidly growing cybersecurity firm Wiz for $32 billion. The all-cash takeover of privately held Wiz represents a big bet by Google on cloud security and cybersecurity in this period of explosive growth for artificial intelligence. The Wiz deal, which is subject to regulatory approval, easily surpasses Google’s previously biggest takeover: An …

Apple seeks to defend Google's billion-dollar payments in search case
2 months, 3 weeks ago

Apple seeks to defend Google's billion-dollar payments in search case

The Hindu  

Apple has asked to participate in Google's upcoming U.S. antitrust trial over online search, saying it cannot rely on Google to defend revenue-sharing agreements that send the iPhone maker billions of dollars each year for making Google the default search engine on its Safari browser. Apple does not plan to build its own search engine to compete with Alphabet's Google, …

Google offers to loosen search deals in US antitrust case remedy
3 months ago

Google offers to loosen search deals in US antitrust case remedy

The Hindu  

Alphabet's Google proposed on Friday a loosening of its agreements with Apple and others to set Google as the default search engine on new devices, in a bid to address a U.S. ruling that it unlawfully dominates online search. That is especially true "in an environment where remarkable artificial intelligence innovations are rapidly changing how people interact with many online …

Google proposes to loosen default search engine deals with Apple and others in US antitrust case
3 months ago

Google proposes to loosen default search engine deals with Apple and others in US antitrust case

Hindustan Times  

Alphabet's Google proposed on Friday a loosening of its agreements with Apple and others to set Google as the default search engine on new devices to address a U.S. ruling that it unlawfully dominates online search. The judge found the agreements give Google a "major, largely unseen advantage over its rivals" and result in most devices in the U.S. coming …

Google's AI-Fueled Profits Continue Despite Regulatory Threats
Trending News
4 months, 3 weeks ago

Google's AI-Fueled Profits Continue Despite Regulatory Threats

Associated Press  

Google's financial performance remains strong despite challenges from AI and regulatory scrutiny. The company's profits and revenue increased due to its moneymaking machine powered by its search engine, but this is primarily attributed to the AI investments. The company is facing legal challenges from the US Department of Justice and Virginia state authorities regarding its search engine and digital advertising …

DC Edit | Google fine: Caveat for Big Tech
7 months, 2 weeks ago

DC Edit | Google fine: Caveat for Big Tech

Deccan Chronicle  

After a six-year-long antitrust lawsuit against Google, a US court declared that Alphabet, Google’s owner, has illegally monopolised the search market through exclusive deals with mobile handset makers. Judge Amit Mehta, who delivered this verdict, said Alphabet paid $26 billion to make its search engine the default option on smartphones and web browsers, and effectively blocked any other competitor from …

Cyber security startup Wiz reportedly rejects $23 billion acquisition proposal from Google
8 months ago

Cyber security startup Wiz reportedly rejects $23 billion acquisition proposal from Google

Associated Press  

NEW YORK — Wiz has rejected a reported $23 billion acquisition proposal from Google parent Alphabet — as the cybersecurity startup pivots back to a previously-planned initial public offering, according to a company memo seen by CNBC and others. In a Monday memo to Wiz employees, as reported by CNBC, CEO Assaf Rappaport noted “saying no to such humbling offers …

Google wants a piece of Microsoft’s cyber-security business
8 months ago

Google wants a piece of Microsoft’s cyber-security business

The Economist  

Listen to this story. I N LATE 2022 Wiz, a cyber-security startup, boasted that it was “the fastest-growing software company ever”. And whereas many cyber-security incumbents, such as Palo Alto Networks and Fortinet, mostly sell firewalls and other safeguards for older IT systems, Wiz has from the start specialised in protecting the cloud. Wiz would enable Google’s clients to assess …

Google eyes acquisition of cybersecurity firm Wiz to strengthen cloud security
8 months, 1 week ago

Google eyes acquisition of cybersecurity firm Wiz to strengthen cloud security

India TV News  

Google is successful in its effort to buy cloud security company Wiz, it would bolster its cloud security offerings for large organisations, a hotspot for hackers, and help it take on cloud rivals Amazon.com and Microsoft, experts said. "There is a hot market for cloud security," said Jerome Seguera, a senior intelligence analyst at the cybersecurity firm MalwareBytes, adding that …

Google set to make largest acquisition in its history
8 months, 1 week ago

Google set to make largest acquisition in its history

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. The US technology giant is expected to pay $23 billion for cyber security firm Wiz, The Wall …

Google parent in talks to buy cybersecurity startup Wiz for $23 billion
8 months, 1 week ago

Google parent in talks to buy cybersecurity startup Wiz for $23 billion

Live Mint  

By Milana Vinn and Steven Scheer NEW YORK, July 14 - Google parent Alphabet is in advanced talks to acquire cybersecurity startup Wiz for roughly $23 billion, a person familiar with the matter said on Sunday, in a deal that would represent the technology giant's biggest acquisition ever. Wiz, founded in Israel and now headquartered in New York, is one …

Alphabet in Talks to Buy Wiz in $23 Billion Cyber Deal
8 months, 1 week ago

Alphabet in Talks to Buy Wiz in $23 Billion Cyber Deal

Live Mint  

-- Google parent Alphabet Inc. is in talks to acquire cybersecurity startup Wiz Inc., according to a person familiar with the matter. The talks come on the heels of Alphabet shelving efforts to acquire customer relationship management company HubSpot Inc., which Bloomberg News reported last week. An acquisition of Wiz, a cloud and cybersecurity company, could help Google catch up …

Google fights $17 billion UK lawsuit over adtech practices
10 months, 2 weeks ago

Google fights $17 billion UK lawsuit over adtech practices

The Hindu  

Google parent Alphabet has urged a London tribunal to block a mass lawsuit which accuses it of abusing its dominance in the online advertising market, in the latest case to focus on the search giant's business practices. The lawsuit seeks damages of up to 13.6 billion pounds on behalf of publishers of websites and apps based in the United Kingdom, …

Google paid $26 bln to be default search engine in 2021 - Bloomberg News
1 year, 4 months ago

Google paid $26 bln to be default search engine in 2021 - Bloomberg News

The Hindu  

Alphabet's Google paid $26.3 billion to other companies in 2021 to ensure its search engine was the default on web browsers and mobile phones, a top company executive testified during the Justice Department's antitrust trial, Bloomberg News reported on Friday. The amount of payments Google made for the default status has more than tripled since 2014, according to senior executive …

Why is Google on trial in the United States? | Explained
1 year, 6 months ago

Why is Google on trial in the United States? | Explained

The Hindu  

The story so far: On September 12, Justice Amit Mehta of the U.S. District Court for the District of Columbia started hearing what is being described as the most important case about the future of the Internet. The key allegation against Google is that its “arrangements” with Apple and other companies to be the default search engine on their devices, …

Google gives a glimpse of its defence in once-in-a-generation antitrust trial
1 year, 6 months ago

Google gives a glimpse of its defence in once-in-a-generation antitrust trial

The Hindu  

Search and advertising giant Google gave a glimpse of a main leg of its defence in court on Thursday, through data showing that users happily stick with its search engine when pre-installed on their devices and quickly switch from Bing or others they like less. The government says Google paid $10 billion annually to wireless companies like AT&T, device makers …

Google’s search engine dominance is at the heart of the biggest U.S. antitrust trial in decades
1 year, 6 months ago

Google’s search engine dominance is at the heart of the biggest U.S. antitrust trial in decades

The Hindu  

Google has exploited its dominance of the internet search market to lock out competitors and smother innovation, the Department of Justice charged on September 12 at the opening of the biggest U.S. antitrust trial in a quarter century. “This case is about the future of the internet and whether Google’s search engine will ever face meaningful competition,″ said Kenneth Dintzer, …

Google invests almost $400 million in ChatGPT rival Anthropic
2 years, 1 month ago

Google invests almost $400 million in ChatGPT rival Anthropic

LA Times  

Alphabet’s Google has invested almost $400 million in artificial intelligence startup Anthropic, which is testing a rival to OpenAI’s ChatGPT, according to a person familiar with the deal. “Google Cloud is providing open infrastructure for the next generation of AI startups, and our partnership with Anthropic is a great example of how we’re helping users and businesses tap into the …

India’s WinZO sues Google to stop new gaming policy, calls it discriminatory
2 years, 6 months ago

India’s WinZO sues Google to stop new gaming policy, calls it discriminatory

The Hindu  

Indian online gaming platform WinZO has sued Google to stop the tech giant from allowing real-money games for fantasy sports and rummy on its platform, saying that Google’s doing so is discriminatory, a legal filing seen by Reuters showed. For years, Alphabet Inc. unit Google allowed no games involving real money in India, but this month said such games for …

Google is paying Apple to stay out of the search business, a lawsuit alleges
3 years, 2 months ago

Google is paying Apple to stay out of the search business, a lawsuit alleges

The Hindu  

A lawsuit filed in California complained that Google is paying Apple to stay out of the search engine business. The complaint stated that Google would share it's search profits with Apple and also make multi-billion-dollar payments towards Apple for not competing in the search business, according to a release by Alioto, a law firm participating in the lawsuit. In return, …

Google buys Israeli security startup Siemplify for $500 million
3 years, 2 months ago

Google buys Israeli security startup Siemplify for $500 million

The Hindu  

Alphabet Inc-owned Google said on Tuesday its cloud division had acquired Israeli cybersecurity startup Siemplify, as the U.S. tech giant expands its security offerings amid rising cyber attacks. Financial details of the deal were not disclosed by the companies, but a source familiar with the matter said Google paid $500 million in cash for Siemplify. The deal came after Google …

Google Accused of Anti-Competitive Behaviour by Czech Search Engine Seznam, Faces $417 Million Claim
4 years, 3 months ago

Google Accused of Anti-Competitive Behaviour by Czech Search Engine Seznam, Faces $417 Million Claim

News 18  

Seznam, the Czech Republic’s leading home-grown web search platform, said on Thursday it had claimed CZK 9.072 billion in damages from Google, alleging that the US giant restricted competition. Seznam said Google abused a dominant position on the Czech market with licensed operating systems and application stores for smart devices equipped with Android operating system. “Based on the European Commission’s …

Google faces damage claims worth over Rs 3,000 crore from Czech web search company
4 years, 3 months ago

Google faces damage claims worth over Rs 3,000 crore from Czech web search company

India Today  

Google has often come under the scanner for having a privileged position in the market when it comes to offering internet-powered search services. The search engine giant is now facing damage claims from Seznam, which is an indigenous web search platform operational in the Czech Republic. According to a report by Reuters, Seznam has said that Google has abused dominance …

The US government sues Google for alleged anticompetitive abuses in search
4 years, 5 months ago

The US government sues Google for alleged anticompetitive abuses in search

CNN  

Washington CNN Business — The Trump administration on Tuesday sued Google in what is the largest antitrust case against a tech company in more than two decades. “Nothing is off the table,” said Deputy Attorney General Jeffrey Rosen, who warned that if DOJ did not file suit now, “we could lose the next wave of innovation” and that “Americans may …

Tech Antitrust Report: Google Monopolizing Search & Restrictive Android Agreements Concern Regulators
4 years, 5 months ago

Tech Antitrust Report: Google Monopolizing Search & Restrictive Android Agreements Concern Regulators

News 18  

In what can only be described as a first of its kind report, the Subcommittee On Antitrust, Commercial And Administrative Law Of The Committee Of The Judiciary of the US Congress has released its conclusions and recommendations on whether the big tech companies such as Google, Apple, Amazon and Facebook are violating the antitrust laws. Google has faced fire in …

Google is making a $2.6 billion bet on the cloud
5 years, 9 months ago

Google is making a $2.6 billion bet on the cloud

CNN  

New York CNN Business — Google and its parent company Alphabet are making a multi-billion bet on the cloud. Google said Thursday that it has agreed to acquire Looker, a business intelligence platform, for $2.6 billion in cash to bolster its cloud computing division by providing customers with more powerful data analytics. “The combination of Google Cloud and Looker will …

Google rebrands cloud business, adds more artificial intelligence
8 years, 5 months ago

Google rebrands cloud business, adds more artificial intelligence

Live Mint  

Alphabet Inc.’s Google said on Thursday it renamed its business-to-business cloud computing brand and enhanced some enterprise applications using artificial intelligence, the company’s latest gambit to better compete with Amazon.com and Microsoft Corp. in the lucrative cloud business. Discussing the rebranded Google Cloud, Diane Greene, senior vice president of Google’s enterprise business, said the company has made good progress courting …

Google to acquire Apigee, a cloud software company, for $625 million
8 years, 6 months ago

Google to acquire Apigee, a cloud software company, for $625 million

Firstpost  

Alphabet Inc’s Google said on Thursday it is acquiring cloud software company Apigee Corp in a deal valued at about $625 million, the tech giant’s latest effort to claim a greater share of the lucrative cloud business. The service is critical for businesses transitioning to the cloud, Diane Greene, who runs Google’s cloud computing division, said in an interview. During …

Google is the new Microsoft. Uh-Oh.
10 years, 2 months ago

Google is the new Microsoft. Uh-Oh.

Live Mint  

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US FTC conducting preliminary inquiry into Google's Waze acquisition
11 years, 8 months ago

US FTC conducting preliminary inquiry into Google's Waze acquisition

Firstpost  

Antitrust regulators are conducting a preliminary inquiry into Google Inc’s recent acquisition of online mapping service Waze, according to a person with knowledge of the matter. Google was able to close the deal without US regulatory approval because Waze’s revenue and assets in the US were below the $70.9 million threshold required for antitrust review. Google’s existing online mapping service …

US FTC conducting preliminary inquiry into Google's Waze acquisition
11 years, 8 months ago

US FTC conducting preliminary inquiry into Google's Waze acquisition

Firstpost  

Antitrust regulators are conducting a preliminary inquiry into Google Inc’s recent acquisition of online mapping service Waze, according to a person with knowledge of the matter. Google was able to close the deal without US regulatory approval because Waze’s revenue and assets in the US were below the $70.9 million threshold required for antitrust review. Google’s existing online mapping service …

Google finalising $1.3 billion deal for mapping company Waze
11 years, 9 months ago

Google finalising $1.3 billion deal for mapping company Waze

Firstpost  

Google is finalising a deal to acquire online mapping company Waze for $1.3 billion, according to a source familiar with the matter…. Google is finalising a deal to acquire online mapping company Waze for $1.3 billion, according to a source familiar with the matter. The deal with Google comes after discussions between Waze and social networking company Facebook fell apart …

Google paid $151 million for Zagat - filing
13 years, 4 months ago

Google paid $151 million for Zagat - filing

Firstpost  

Google Inc paid $151 million in cash to acquire popular restaurant review guide Zagat in September, the Internet company said in a regulatory filing on Wednesday. Another expensive acquisition by Google Google also acquired Daily Deals, a privately held, German online coupon company, for $114 million in cash in September, Google said in the filing with the U.S. Securities and …

Google buys out 1000 patents from IBM
13 years, 6 months ago

Google buys out 1000 patents from IBM

Firstpost  

With a steady rise in the number of patent infringement cases, every major corporation out there is in the race for getting itself the best possible technology patented. Now, according to a PCMag report, search giant, Google has in a bid to further boost its patent portfolio bought out as many as 1,000 patents from IBM, as per records maintained …

Could Wolfram|Alpha Sway Google Regulators?
15 years, 10 months ago

Could Wolfram|Alpha Sway Google Regulators?

Wired  

News Analysis — Wolfram|Alpha, a company whose product you have never used, may turn out to be Google’s best friend. For those who haven’t heard yet, Wolfram|Alpha is a much-hyped, badly-named computational search engine that gives real answers to queries such as “internet users in Europe.” It pulls off the techie magic by using structured data sets, rather than messy …

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