Wiz walks away from $23B deal with Google

Re:Wiz walks away from $23B deal with Google by thegrizzlyking on Tuesday July 23, 2024 @02:27AM (#41043103)

Most likely reason is FTC. Wiz integrates with big 4 cloud providers. No way FTC is allowing Google to take control. JD Vance's nomination and support for current FTC chair(Lina Khan) doesn't help.

Current FTC is good(personal opinion) from anti trust point of view but maybe bad for startup exits[0].

[0] https://x.com/ID_AA_Carmack/status/1812978264484552987

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Re:Wiz walks away from $23B deal with Google by titanomachy on Tuesday July 23, 2024 @11:22AM (#41046932)

If they’re actually worth anything near $23B they can just go public. I’m sure they’ll be fine haha

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Re:Wiz walks away from $23B deal with Google by neurotixz on Tuesday July 23, 2024 @05:11PM (#41050931)

Wiz has tons of competitors, and Microsoft is one of them, so are Palo Alto Networks, Tenable, Crowstrike, SentinelOne, etc... Wiz is definately a leader but are in no way a monopoly, so I do not see this as an FTC play to stop the deal.

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Re:Wiz walks away from $23B deal with Google by disgruntledphd2 on Wednesday July 24, 2024 @05:38AM (#41055238)

I think the antitrust argument is more about preventing Big tech from getting even bigger rather than directly related to Wiz.

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