Rejecting a $23B offer to get $32B less than a year later doesn't sound half bad.
https://www.theverge.com/2024/7/23/24204198/google-wiz-acqui...
Google to buy Wiz for $32B
31–40 of 951 posts
Re: Google to buy Wiz for $32B
#32[deleted]
Re: Google to buy Wiz for $32B
#33Imho, and as a xoogler who's been in Google Cloud's ecosystem the past few years, Google Cloud's three big focus areas have been AI (this is an evolution from their historical focus on data, then also analytics), Distributed Cloud (Anthos++) and security (post the Mandiant acquisition). They'll never be able to compete on base infra, given their late entry into the game, lack of presence in certain markets, and the l…
I can't help feel like this will be rolled into GCP and quickly lose support for Azure and AWS and then just die. That's a lot of money to spend to kill off a business.
GCP has been doing more multi cloud stuff lately though: Anthos for K8s in other clouds, BigQuery Omni for bigquery in other clouds
Re: Google to buy Wiz for $32B
#34Imho, and as a xoogler who's been in Google Cloud's ecosystem the past few years, Google Cloud's three big focus areas have been AI (this is an evolution from their historical focus on data, then also analytics), Distributed Cloud (Anthos++) and security (post the Mandiant acquisition). They'll never be able to compete on base infra, given their late entry into the game, lack of presence in certain markets, and the l…
> a way for Google to secure a beachhead in half the Fortune 100
If that is their objective, they will fail again, since this is the land of good account management. Being able to call somebody on the phone if required. Something AWS excels on, Microsoft a little bit, while Google is rumored to have humans working there, but they are rarely seen.
Re: Google to buy Wiz for $32B
#35What changed from last year? The deal that failed?
The article says:
> The price tag is much higher than the roughly $23 billion Google had offered for Wiz last year before antitrust worries forced the startup to shelve the deal.
> Wall Street is optimistic that the Trump administration would drop some antitrust policies
Is that it? It's crazy to announce the deal before there's any actual policy changes. Why the rush? It's not like someone is outbidding them here.
Re: Google to buy Wiz for $32B
#36Reminder they also bought Mandiant for $5.4B in 2022
Re: Google to buy Wiz for $32B
#37Anyone got a sense for where the value is in Wiz? Revenue? IP? Any customers here?
Next year's revenue estimated to be $1B, so definitely real money there but that doesn't speak to value... 32.0x is wild
Re: Google to buy Wiz for $32B
#38Why isn't there an open source self hosted Wiz competitor, perhaps now one can start to emerge after this acquisition for those who don't want Google.
Re: Google to buy Wiz for $32B
#39Imho, and as a xoogler who's been in Google Cloud's ecosystem the past few years, Google Cloud's three big focus areas have been AI (this is an evolution from their historical focus on data, then also analytics), Distributed Cloud (Anthos++) and security (post the Mandiant acquisition). They'll never be able to compete on base infra, given their late entry into the game, lack of presence in certain markets, and the l…
I can't help feel like this will be rolled into GCP and quickly lose support for Azure and AWS and then just die. That's a lot of money to spend to kill off a business.
that would immediately shed half the value of the company and Google would need to book a huge loss
e.g. half of Fortune 100 use Wiz and I assure you most of them do not use GCP (or do not use only GCP)
Re: Google to buy Wiz for $32B
#40Can anyone with security expertise clarify what Wiz actually does? Is it a legitimate company or is it fuzzy consultingware?
My last company used it to complement other cloud security scanning products. It’s probably a bit of an understatement to call it a scanning tool. It was easy to integrate with our other systems so we could assign vulns to different teams.