Google Parent Alphabet Acquires Wiz For $32 Billion

The rumors were right: Google parent Alphabet has agreed to buy cyber security start-up Wiz for $32 billion, the biggest acquisition in the search group's history. From the report: Alphabet held talks over a $23 billion acquisition of Wiz last year, although the negotiations collapsed after some of the cyber security company's directors and investors became worried about antitrust hurdles.

The deal, which will rank as the biggest deal of the year so far, was announced on Tuesday morning. It will probably still face scrutiny from the Federal Trade Commission under President Donald Trump, whose new chair Andrew Ferguson has maintained guidelines giving the agency the ability to block large deals used by his predecessor Lina Khan.

Inflation

[rossdee]

So the price went up by 2 billion in a day...

Re:

[OffTheLip]

Dupe-flation is real.

Re:

[gillbates]

It's even on the same page as this one [slashdot.org].

Re:

[sabbede]

Well, to be fair that other article is about going into talks to buy Wiz, this is about the deal being closed.

But yeah, it does seem a bit repetitive.

The attack of the dupes

[vbdasc]

Nuff said.

For how long is a company a "startup"?

[Tomahawk]

Wiz was founded in January 2020. It's it still a "startup" after 5 years? ðY"

Re:

[Train0987]

What do they even do? Is there a product? I have legit never heard of this $32 Billion company and I'm in the space.

Re:

[phantomfive]

Automated security. Check your configurations, etc. They have a really pretty dashboard ("pretty" is essential in security if you want to make money). They have decent software engineers (who haven't been hobbled by modern PM/PM slowdown project management), who have managed to find a decent list of actual things [wikipedia.org].

They also have a marketing team to match their development team.

Combining decent engineering, a flashy dashboard, and a solid marketing team, they've been growing very quickly.

They aren't wor

Re:

[toxonix]

We started running Wiz in our pipelines recently. I haven't seen the dashboard yet, since we have Snyk and a bunch of other scanning tools to keep up with.

I wonder if this will pass

[thegarbz]

A deal of this magnitude by a company currently not only under antitrust investigation but under threat of breakup would I suspect raise eyebrows in regulatory bodies everywhere.

That said it's not like regulatory bodies in the USA actually have any power anymore, but I wonder what some overseas regulators will say about this.

Re:

[phantomfive]

All indications are that Trump dislikes Google, so I expect regulatory bodies to not be stopped, and even be encouraged by Trump.

Slashdot "Editors", tell us...

[greytree]

Tell us you hate your jobs and your bosses hate this site's users, without telling us you hate your jobs and your bosses hate this site's users.

Gee Wiz

[Virtucon]

that's a lot of Cheese Whiz.

Launder That Money

[zenlessyank]

Whole fucking country is a criminal.

What do they have that Google doesn't? Hackers?

[TheWho79]

So it looks - from the outside in - that Wiz is just another group of misfit hackers, with a favorite target of cloud infrastructure and an uber cool web designer?