Google reportedly near $23B Wiz purchase
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 15 July 2024
⏱️ 6 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Monday, July 15th. I'm Julie Morgan. |
| 0:13.0 | Google is reportedly close to its biggest acquisition yet. |
| 0:17.3 | Trump media is up high double digits |
| 0:19.6 | following an assassination attempt on Saturday, |
| 0:22.5 | and the largest pork producer in the US |
| 0:25.2 | could be heading to the NASDAQ or NYSE. |
| 0:28.5 | Alphabet is an advanced talks to buy |
| 0:31.3 | cyber security startup whiz for $23 billion. |
| 0:35.4 | The Wall Street Journal reported citing people familiar with the matter that a deal might |
| 0:39.8 | be reached soon provided negotiations don't fall apart. |
| 0:44.0 | This would mark Google's largest acquisition so far. |
| 0:47.4 | Wiz was founded in Israel in 2020 and is now headquartered in New York, |
| 0:52.4 | led by Chief Executive Assaf Rappapur. |
| 0:55.6 | The Cybersecurity Startup provides cloud security services with real-time threat detection |
| 1:01.0 | and responses powered by artificial intelligence. |
| 1:04.7 | The report said Wiz raised $1 billion earlier this year at a valuation of $12 billion and was |
| 1:11.1 | considering going public. It had 350 million dollars in |
| 1:15.2 | annual recurring revenue in 2023 and is backed by prominent Silicon Valley |
| 1:20.4 | venture capitalists. The acquisition of Wiz could boost Google's |
| 1:24.4 | cloud computing business which currently lags Amazon Web Services and |
| 1:28.9 | Microsoft. In March of 2022 Google bought Cybersecurity Firm Mandiant for 5.4 billion dollars in an all-cash deal. |
... |
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