Google Parent Entity, Alphabet, Agrees To Acquire Cybersecurity Start-Up Wiz For $32 Billion: Report
3 days, 6 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 generated over $43 billion in revenue in the previous year. Wall Street earlier anticipated an increase in mergers and acquisitions following Trump’s election, but ongoing trade policies and tariffs threatened by the President have introduced uncertainty in the financial markets, impacting major corporate decisions.

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History of this topic

Google’s $32 Billion Wiz Buyout Fast-Tracked Under Donald Trump's Leadership: Report
Top News
2 days, 10 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
2 days, 13 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
2 days, 16 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 set to acquire cybersecurity firm Wiz for $32 billion
Top News
3 days, 5 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 …

Google to buy cybersecurity firm Wiz for $32 billion in the biggest deal in company’s history
3 days, 5 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 makes its biggest-ever acquisition
3 days, 18 hours 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 …

Cyber security startup Wiz reportedly rejects $23 billion acquisition proposal from Google
7 months, 3 weeks 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 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 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 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 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 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's parent company Alphabet is now worth $1 trillion, joins Apple, Microsoft and Amazon
5 years, 2 months ago

Google's parent company Alphabet is now worth $1 trillion, joins Apple, Microsoft and Amazon

India Today  

When it comes to business volumes, Google is one of the few brands in the tech industry to operate on many fronts. In a latest report from CNBC, Google's parent company Alphabet has finally reached the $1 trillion mark, thereby becoming the fourth company in the world to be a part of the exclusive $1 trillion companies club. For Alphabet, …

Google’s parent, Alphabet Inc, valued at more than $1 trillion
5 years, 2 months ago

Google’s parent, Alphabet Inc, valued at more than $1 trillion

Al Jazeera  

Alphabet Inc. hit a milestone on Thursday, as a rally in the stock took it above a $1 trillion valuation for the first time, solidifying the dominance of technology and internet stocks as the biggest titans of Wall Street. Globally, the list is topped by Saudi Aramco, Saudi Arabia’s national oil company, which went public last month and currently has …

Alphabet results: Google parent company announces 20 per cent revenue increase
5 years, 4 months ago

Alphabet results: Google parent company announces 20 per cent revenue increase

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Google’s parent company Alphabet has …

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 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 …

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