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Google to buy Wiz for $32B

reuters.com

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Re: Google to buy Wiz for $32B

#41

Post by coldpie »

shprd wrote: post #35

What 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 rus…

Did you read the article?

> 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. ... A harsh regulatory environment in 2024 had made it difficult for many firms to push through large deals, but Wall Street is optimistic that the Trump administration would drop some antitrust policies.

Re: Google to buy Wiz for $32B

#42

Post by ecshafer »

shprd wrote: post #35

What 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 rus…

There is a new administration, and the new one doesn't have a DOJ that is extremely anti big tech, and going after them for antitrust on everything.

Re: Google to buy Wiz for $32B

#43

Post by scarface_74 »

belter wrote: post #34
eitally wrote: post #7

Imho, 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.

This is such an underrated weakness of Google. When I was working at AWS ProServe, we never even took GCP as a serious competitor. Their customer service, acount management and enterprise sales team was so horrendous it was laughable.

I don’t think we even had talking points about why AWS was better than GCP like we did Azure.

Re: Google to buy Wiz for $32B

#44

Post by scarface_74 »

amazingamazing wrote: post #19

Google has some amazing negotiating skills - paying 50% more for something they literally tried to get not even a year ago... (they tried to get it at 23 billing not even a year ago) https://news.ycombinator.com/item?id=41042034 That being said, Instagram and WhatsApp were expensive for Facebook and those ended up being a steal. Time will tell, as usual.

The difference is that Google is the worse product company among the big tech companies. It’s like the modern day Yahoo! - where acquisitions go to die.

Re: Google to buy Wiz for $32B

#45

Post by awill »

1970-01-01 wrote: post #5

One wonders if $32B spent "pluggin' up the holes" would accomplish more. A lot of open source code could be rewritten at this price point.

But not by tomorrow. Google is trying to pay their way into cloud leadership. Because they can’t catch up organically.

Re: Google to buy Wiz for $32B

#46

Post by shprd »

coldpie wrote: post #41
shprd wrote: post #35

What 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 rus…

Did you read the article? > 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. ... A harsh regulatory environment in 2024 had made it difficult for many firms to push through large deals, but Wall Street is optimistic that the Trump administration would drop some antitrust policies.

Yes, I made my comment more clear.

Re: Google to buy Wiz for $32B

#47

Post by Miraste »

ABS wrote: post #39
mrweasel wrote: post #26

Earlier quoted context omitted.

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)

That hasn't stopped them before. Fitbit and Nest, for example. Granted, this is an order of magnitude more money to waste. Maybe they'll come up with a better strategy this time.

Re: Google to buy Wiz for $32B

#48

Post by leohonexus »

colesantiago wrote: post #38

Why 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.

There's Wazuh, but it's more of an XDR (i.e. anti-virus) and SIEM solution than what Wiz is offering.

https://wazuh.com/ https://github.com/wazuh/wazuh

Re: Google to buy Wiz for $32B

#50

Post by shmatt »

InkCanon wrote: post #15
aswerty wrote: post #11

Wiz seems to only be about 4 years old, as per wikipedia. That valuation in such a short amount of time surely must be some kind of record? Or am I missing something?

~5 years by now. But there is a bit of fine print. The founders all founded another cloud security company in 2010, which was acquired by Microsoft. They were all graduates of Israel's famous Unit 8200. So while the literal company was founded in 2020, it is very likely a lot of both the knowledge, expertise and quite possibly product was already in development before it.

yes, every 8200 founder i know already has the next product ready to launch in alpha the day after the time limit on their previous acquisition runs out
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