Google’s $32 Billion Wiz: DOJ Gives Thumbs Up to Cloud Security Coup!
Google’s second attempt to acquire Wiz is going better than the first, with the Department of Justice clearing the $32 billion deal. This is Google’s largest-ever acquisition. While securing multicloud security solutions is a milestone, Rappaport notes it’s just a step on the journey between signing and closing.
Hot Take:
Google’s strategists must have been eating their Wheaties, because they’re back with a $32 billion offer for Wiz that would make Scrooge McDuck’s money bin look like a piggy bank. This time, the Department of Justice has given them the green light, and it seems Google is one step closer to becoming the cloud security version of Thanos, collecting infinity stones of tech companies. Who knew the key to Google’s heart was an extra $9 billion?
Key Points:
- Google’s $32 billion acquisition of Wiz has been cleared by the Department of Justice.
- This is Google’s largest acquisition ever, aimed at enhancing its cloud security offerings.
- Wiz provides a unified cloud security platform for comprehensive visibility.
- Regulatory approvals are still pending from the UK, EU, and Japan.
- Google’s previous acquisition attempt in 2024 failed at $23 billion.