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Google to buy Wiz for $32B

reuters.com

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Re: Google to buy Wiz for $32B

#522
post #278

Earlier quoted context omitted.

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Military service is compulsory in Israel, so being a former member of 8200 isn't exactly unusual. Given the choice between spending two or three years as deployed infantry, or writing code in an air-conditioned office, I suspect a few of us here would choose the latter.

Yup. And more than that, Israel picks the brightest high-school kids to join their special school that trains intelligence officers. The kids learn advanced STEM and analytics in the school. It's not a coincidence that many of the graduates ended up founding good companies.

Re: Google to buy Wiz for $32B

#523

Earlier quoted context omitted.

It's for any country or heritage that isn't American or Northern European. A lot of really racist or xenophobic takes on HN.

Don't try and "both sides" this.

I'm not trying to "both sides" jack. And it's not like you could tell the difference between Zohar Argov or Amitabh Bachchan.

Re: Google to buy Wiz for $32B

#524

Earlier quoted context omitted.

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It's for any country or heritage that isn't American or Northern European. A lot of really racist or xenophobic takes on HN.

Okay you edited.

I feel like the majority of anti-jew sentiment is from pro-palestine arab people and adjacent. At least In my country. They really believe "jews run the world" once you debate them enough they admit it and there is no changing of their minds.

Re: Google to buy Wiz for $32B

#526

Earlier quoted context omitted.

Can’t help but predict that this will be a similar outcome. If they did not have a security division, this acquisition could work. But colliding two heavy security behemoths together is like the collision of two galaxies with a higher enteopy.

What I don't understand is how you get to a valuation of $32B. My quick googling showed me that the revenue for Wiz is about $700M. Even if I assume the existing customers + name + platform/assets is worth several billion, where is this number coming from? To be clear: I am young and ignorant. I am trying to learn, not criticise

My estimation is that there is another competitor that they wanted to out compete ... like Facebook paid $19B for whatsapp to outcompete google. The maximum market cap Wiz had was $13.2 Billion. So Google is paying 3x times the price.

> Wiz has agreed to a termination fee of more than $3.2 billion, a source told Reuters, one of the highest fees in M&A history.

Not sure how they can afford this if it doesn't work.

Re: Google to buy Wiz for $32B

#527

This deal isn't about security, it's about data. Google already have one of the best security teams in the industry - Project Zero [0]. They don't need Wiz's "enterprise" expertise for security. This deal is about DATA. Wiz, as a cybersecurity vendor, have full remote access to their customers cloud compute storage (EC2 EBS volumes, etc) in the name of "security scanning" - this is actually part of their unique selli…

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Re: Google to buy Wiz for $32B

#529

Earlier quoted context omitted.

It's for any country or heritage that isn't American or Northern European. A lot of really racist or xenophobic takes on HN.

Okay you edited. I feel like the majority of anti-jew sentiment is from pro-palestine arab people and adjacent. At least In my country. They really believe "jews run the world" once you debate them enough they admit it and there is no changing of their minds.

> Okay you edited.

Yep. Realized the confusion!

> I feel like the majority of anti-jew sentiment is from pro-palestine arab people and adjacent

Most people haven't met an Israeli or traveled to Israel.

Also, most users on HN are Americans or Northern European who overwhelmingly use Reddit, so everyone has some weird fringe mentality about one side or the other.

Honestly, most Israelis and Arabs act the same - I mean most Israelis are Mizrahi and normal/collquial Hebrew is heavily Arabic based (where else will you here people say "Yalla" in every other sentence)

Re: Google to buy Wiz for $32B

#530

Earlier quoted context omitted.

Thats the kind of a company everyone wants to build in enterprise security. Incognito unicorns. There are many companies like these in security space. Another company I can think of is Rubrik. All these large security companies under the radar success.

most people here are also in security and still haven't heard. It's more likely backroom kickbacks (and/or mossad) than invisible unicorn.

Security is a big field. I’m in the CSPM space and Wiz is a major player here, I actually had a bit of an existential crisis about what we were building when I first saw a demo of their platform.

Most of their competitors, like Palo Alto, have a very convoluted offering from gluing together several acquisitions. Wiz is very cohesive with a much nicer API and great UX, which is very underrated in the security space imo.

I have zero trust in Google’s promise to keep supporting the tool for multiple clouds or maintain the high quality of product design that makes Wiz great. It’s great for my job security, but I’d call it a net loss for the industry.

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