They’ve been doing business with wiz since 2023. $23b is wild. Google must think the overall spending will be reduced long term?
grmayshark on
How in gods name is a company that makes $350 million in annual revenue worth buying for more than 60 times that amount?
ankole_watusi on
FYI this is not your cheap imitation Hue bulbs!
Kill_4209 on
The core teams are probably insanely talented and work well together on a large scale. That can be near impossible or at least very time consuming to create from scratch.
iv1mioma on
Seems like goog has more money than they really know what to do with…. Seems expensive
GeneralZaroff1 on
Anyone remember when Google buying Youtube for 1.6 billion in stock and that was HUGE NEWS? Or Fitbit for $2b to get into the wearables market. Or even when Meta bought Instagram for $1 billion back in 2012.
Imagine that Wiz is worth… 23 times that.
That’s crazy.
bcdefense on
Wiz has a huge market hold in the cloud security niche
Piorz on
It does fit, since they also acquired another security company mandiant not too long ago maybe they see synergies here altough in comparison to andi ant it’s quite expensive
bioknockout on
this is a defensive acquisition
similar to how they bought Motorola for the patents
Aaco0638 on
Price is expensive but with this and mandiant i say if you want top tier security google cloud has set itself nicely for that.
desiopressballs on
Stocks gonna crash. This wasn’t a cash deal.
CurrentAnteater1289 on
I did about 3 double takes until i realized this wasn’t the Washington Wizards
only_posts_real_news on
Puts on goog is pure comedy. Alphabet is still undervalued compared to most other FAANG. There will be a bull run eventually, #1 and 2 website in the world with services that are 10x better than the nearest competition.
TomatoSpecialist6879 on
They must own some very crucial IP for GOOGL to pay 68x Wiz’s annual revenue to acquire it.
JohnWCreasy1 on
Nobody Beats the Wiz is still around? i bought my first audio cassette there. To The Extreme way back in 1990. $7.98.
Illustrious_Hotel527 on
About 1.5% of their market cap; not something that will move the needle.
Worried_Quarter469 on
The pricing rationale may not be obvious to us since they have inside information on cloud growth
Acquisition implies huge cloud growth for ER in a week.
fancymanofcorn12 on
If it’s red on Monday I’m full porting long calls, easiest yolo ever
aurora4000 on
I’m guessing that based on the success of CRWD and PANW and Cyber ark – Alphabet felt they could compete?
The amount of hacking, worms, viruses and bots that organizations face daily – is a lot. The ransomware costs organizations big $$.
I think Google goes up and other cyber companies goes down.
yaaaaayPancakes on
I don’t get the play. Google’s specialty is ads. Ad supported cybersecurity?
lysergic_af on
I’m hold some 195C expiring Aug 2nd. Earnings report is July 25th too and they’re expected to show significant grown. Hopefully it’ll pop tomorrow
wabbithunta23 on
Get QS calls for tomorrow. Thank me later, the few that will listen to me will be glad they did. QuantumScape aka the money printer
dtlabsa on
Wiz is an Israeli company. Sounds about right for Google.
Unusual-Brick7344 on
Why is Google allowed to buy on Sundays when i cant?
No wonder i cant beat the market.
dtlabsa on
BTW, title is misleading. This isn’t a done deal. Even the link OP posted doesn’t say it’s a done deal.
TheSuper_Namek on
Could be a acquisitions with a quite high offer to keep out of the hands of other tech giants.
DemisHassabisFan on
krscode on
It makes sense that Google would want this. They need some security product to compete with aws. But the price is ridiculous. Wiz’s product is also not that differentiated from PAN, crowdstrike or AWS’s own internal tools. Wiz seems way overvalued and overhyped. It makes sense that Wiz would also want to be bought; I don’t see then surviving well on their own. Founders also seem to like cashing out.
29 Comments
They’ve been doing business with wiz since 2023. $23b is wild. Google must think the overall spending will be reduced long term?
How in gods name is a company that makes $350 million in annual revenue worth buying for more than 60 times that amount?
FYI this is not your cheap imitation Hue bulbs!
The core teams are probably insanely talented and work well together on a large scale. That can be near impossible or at least very time consuming to create from scratch.
Seems like goog has more money than they really know what to do with…. Seems expensive
Anyone remember when Google buying Youtube for 1.6 billion in stock and that was HUGE NEWS? Or Fitbit for $2b to get into the wearables market. Or even when Meta bought Instagram for $1 billion back in 2012.
Imagine that Wiz is worth… 23 times that.
That’s crazy.
Wiz has a huge market hold in the cloud security niche
It does fit, since they also acquired another security company mandiant not too long ago maybe they see synergies here altough in comparison to andi ant it’s quite expensive
this is a defensive acquisition
similar to how they bought Motorola for the patents
Price is expensive but with this and mandiant i say if you want top tier security google cloud has set itself nicely for that.
Stocks gonna crash. This wasn’t a cash deal.
I did about 3 double takes until i realized this wasn’t the Washington Wizards
Puts on goog is pure comedy. Alphabet is still undervalued compared to most other FAANG. There will be a bull run eventually, #1 and 2 website in the world with services that are 10x better than the nearest competition.
They must own some very crucial IP for GOOGL to pay 68x Wiz’s annual revenue to acquire it.
Nobody Beats the Wiz is still around? i bought my first audio cassette there. To The Extreme way back in 1990. $7.98.
About 1.5% of their market cap; not something that will move the needle.
The pricing rationale may not be obvious to us since they have inside information on cloud growth
Acquisition implies huge cloud growth for ER in a week.
If it’s red on Monday I’m full porting long calls, easiest yolo ever
I’m guessing that based on the success of CRWD and PANW and Cyber ark – Alphabet felt they could compete?
The amount of hacking, worms, viruses and bots that organizations face daily – is a lot. The ransomware costs organizations big $$.
I think Google goes up and other cyber companies goes down.
I don’t get the play. Google’s specialty is ads. Ad supported cybersecurity?
I’m hold some 195C expiring Aug 2nd. Earnings report is July 25th too and they’re expected to show significant grown. Hopefully it’ll pop tomorrow
Get QS calls for tomorrow. Thank me later, the few that will listen to me will be glad they did. QuantumScape aka the money printer
Wiz is an Israeli company. Sounds about right for Google.
Why is Google allowed to buy on Sundays when i cant?
No wonder i cant beat the market.
BTW, title is misleading. This isn’t a done deal. Even the link OP posted doesn’t say it’s a done deal.
Could be a acquisitions with a quite high offer to keep out of the hands of other tech giants.
It makes sense that Google would want this. They need some security product to compete with aws. But the price is ridiculous. Wiz’s product is also not that differentiated from PAN, crowdstrike or AWS’s own internal tools. Wiz seems way overvalued and overhyped. It makes sense that Wiz would also want to be bought; I don’t see then surviving well on their own. Founders also seem to like cashing out.
Well, nobody beats the Wiz