Can’t help but predict that this will be a similar outcome. If they did not have a security division, this acquisition could work. But colliding two heavy security behemoths together is like the collision of two galaxies with a higher enteopy.
What I don't understand is how you get to a valuation of $32B. My quick googling showed me that the revenue for Wiz is about $700M. Even if I assume the existing customers + name + platform/assets is worth several billion, where is this number coming from?
To be clear: I am young and ignorant. I am trying to learn, not criticise
My estimation is that there is another competitor that they wanted to out compete ... like Facebook paid $19B for whatsapp to outcompete google. The maximum market cap Wiz had was $13.2 Billion. So Google is paying 3x times the price.
> Wiz has agreed to a termination fee of more than $3.2 billion, a source told Reuters, one of the highest fees in M&A history.
Not sure how they can afford this if it doesn't work.
