4.4 • 3K Ratings
🗓️ 18 March 2025
⏱️ 31 minutes
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0:00.0 | A major technology company was caught taking a whiz. You're listening to Motley Full Money. |
0:13.7 | I'm Ricky Mulvey, joined today by Jason Moser. Jason, we got a big deal. Appreciate you being here. |
0:20.0 | Ricky, happy Tuesday. Thanks for having me. |
0:22.5 | So Alphabet is looking to purchase cloud security company Wiz for $32 billion, trying to follow |
0:30.3 | through on a purchase that it intended to make last summer. Jamo, last summer, Google was ready to spend $22 billion on this company. |
0:40.2 | Now it's $32. |
0:41.6 | You have to think this was an expensive, you know, it must have been painful for Google |
0:46.6 | to hold it this long. |
0:48.0 | Yeah. |
0:48.4 | I suspect so. |
0:51.6 | This is, you know, I can see why WIS would want to sort of play their cards close |
0:58.8 | to the vest, right? I mean, it feels like WIS was in a position of power here because Google clearly |
1:03.9 | wants this company, wanted it back then, wants it now. When the deal was initially announced |
1:09.8 | last year and ultimately didn't work out, I mean, |
1:12.3 | there were regulatory concerns, of course, and I think in that regulatory environment, |
1:16.5 | chances were lower of the deal going through. |
1:19.5 | But there was also talk of WIS potentially pursuing an IPO as well. |
1:23.6 | Fast forward to today, they're commanding a nice little premium, and that all feels, I'm sure, a lot better for leadership there. |
1:32.8 | And thankfully, I mean, let's just on the bright side, at least here, Ricky Google can afford it. |
1:38.4 | So there's that. |
1:40.4 | Yeah, Google has about $100 billion in cash on the balance sheet. |
1:43.5 | This is 32, all cash deal. |
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