Alphabet Again in Talks to Acquire Wiz

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13 hours ago

Summary

The proposed acquisition is part of Alphabet's efforts to strengthen its cloud division, which sees Wiz's products as a good fit for its customer base. The talks have been ongoing since 2022 and are expected to be completed by the end of this year.

Key Points

Wiz has annual recurring revenue (ARR) of $500 million, with plans to hit $1 billion in ARR in 2025.
The acquisition would likely result in a premium price tag for Wiz, which closed its last outside funding round at $12 billion valuation in May.
Regulatory scrutiny has been a major issue in previous talks, but investors expect the deal to move forward this time around.

Why It Matters

The acquisition would further consolidate Alphabet's position in the cloud market and provide Wiz with the resources needed to expand its offerings.

Author

Marina Temkin, Ingrid Lunden

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