Google is close to making its biggest acquisition ever | CNN Business

autotldr Bot , 4 hours ago

This is the best summary I could come up with:

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Google owner Alphabet is in advanced discussions to buy fast-growing cybersecurity startup Wiz for roughly $23 billion, a person familiar with the matter confirmed to CNN.

Discussions between Google and Wiz began after the startup raised $1 billion from venture capital investors earlier this year, the source said.

In March 2022, Alphabet bought cybersecurity firm Mandiant for $5.4 billion as part of its efforts to help companies better address cyber threats and bolster its cloud computing business.

Buying Wiz would be a “shot across the bow” at Microsoft and Amazon, showing that Google is making a “major bet on the cyber security space to complement its flagship offering in the cloud,” Dan Ives, managing director and senior equity research analyst at Wedbush, wrote in a note to clients on Monday.

Just last week, AT&T revealed that nearly all of its wireless customers’ call and text records were exposed in a massive breach caused by an “illegal download” on a third-party cloud platform.

If the acquisition gets finalized and closes, it would mark a massive exit for Wiz and its founders — Assaf Rappaport, Ami Luttwak, Yinon Costica and Roy Reznik.

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The original article contains 495 words, the summary contains 189 words. Saved 62%. I’m a bot and I’m open source!

fartington , 3 hours ago

How long before it gets added to ‘killedbygoogle’?

1984 , 1 hour ago

I think it’s more likely that Google knows that they will be under attack by a lot of hackers once they show their true colors in the future. I think they will represent the tech that will control all of us, using AI, robotics, implants and so on.

With close ties to national security and no morals, they will be first to implement ID controls on the web as well.

Grangle1 , 20 minutes ago

Even the privacy/security people I follow say that despite Big Tech (MS, Google, Apple, etc) being privacy nightmares, they are pretty solid on their security, or at least no less secure than the alternatives. But when you combine efforts to maintain that security with those privacy nightmares, you get what you mention.

ramble81 , 1 hour ago

Embrace, Extend, Extinguish