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Google to buy Wiz for $32B

reuters.com

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Re: Google to buy Wiz for $32B

#61

Post by mattzito »

Miraste wrote: post #47
ABS wrote: post #39

Earlier quoted context omitted.

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.

Neither of those are enterprise products, though. Looker, as a better comparison, is still available on AWS and Azure.

Re: Google to buy Wiz for $32B

#62

Post by Workaccount2 »

ebiester wrote: post #55
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.

This is meant to be politically-neutral commentary: this deal doesn't happen without a Republican in office that will squash the antitrust bent that the Biden administration started. It's also possible the last Wiz deal happens without the antitrust swirling over Google.

Depends on how many complements Google gives the emperor on his clothes. The DOJ reiterated selling off chrome last week, so it's not off the table.

Re: Google to buy Wiz for $32B

#63

Post by mjlee »

I wonder what level of insight Google will now have in to how AWS, Oracle and Azure’s customers use their cloud. Even just in aggregate I imagine there’s some useful data.

Re: Google to buy Wiz for $32B

#65

Post by atonse »

This is probably a dumb question, but what does all cash mean? Does it literally mean that they are putting $32bn in Wiz's bank account (or probably some kind of escrow, who knows) which then gets dispersed to their shareholders?

What usually happens otherwise? Would they do partly google stock, etc? And each shareholder gets some kind of multiple? (you get your N amount of Wiz shares X .72 = your number of google shares), or something of that sort?

Re: Google to buy Wiz for $32B

#67

Post by kadomony »

atonse wrote: post #65

This is probably a dumb question, but what does all cash mean? Does it literally mean that they are putting $32bn in Wiz's bank account (or probably some kind of escrow, who knows) which then gets dispersed to their shareholders? What usually happens otherwise? Would they do partly google stock, etc? And each shareholder gets some kind of multiple? (you get your N amount of Wiz shares X .72 = your number of google sh…

Yes. They became billionaires overnight.

Re: Google to buy Wiz for $32B

#68

Post by epolanski »

atonse wrote: post #65

This is probably a dumb question, but what does all cash mean? Does it literally mean that they are putting $32bn in Wiz's bank account (or probably some kind of escrow, who knows) which then gets dispersed to their shareholders? What usually happens otherwise? Would they do partly google stock, etc? And each shareholder gets some kind of multiple? (you get your N amount of Wiz shares X .72 = your number of google sh…

Acquisitions often involve swaps of shares.
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