“Although a difficult -regulating climate in 2024 had hindered such large -scale deals, Wall Street is optimistic that a shift in antitrust policy under US President Donald Trump could recover the momentum,” Reuters wrote today.
Allegedly Google agreed to a break -up reimbursement of $ 3.2 billion that would be paid in WIZ if the deal collapses. A report from Financial Times said that the disintegrating reimbursement is unusually large, because it represents 10 percent of the total deal value, instead of the typical 2 or 3 percent. The Great BreakUp fee “shows how technology companies are still bracing themselves for pushback from anti -tuggers, even under President Donald Trump and his new Federal Trade Commission chairman Andrew Ferguson,” the article said.
Wiz co-founder and CEO Assaf RappaPort wrote today that although the plan is that WIZ is part of Google Cloud, the companies both believe that “Wiz should remain a multicloud platform … We will still work closely with our great partners at EWS, Azure, Oracle and throughout the branch.”
Thomas Kurian, CEO of Google Cloud, wrote that the Platform of WIZ would fill in a gap in the security offer of Google. Google products help to detect customers and to detect and respond to attackers via both SaaS services and cyber security consulting “, but wiz is different because it” connects with all the large clouds and code environments to prevent incidents from taking place in the first place, “he wrote.
“The WIZ solution quickly scans the customer's environment and builds an extensive graph of code, cloud sources, services and applications – together with the connections between them,” Kurian wrote. “It identifies potential attack paths, gives priority to the most critical risks based on their impact and enables business developers to secure applications before implementation. It also helps to work together with developers to remedy and block risks in code or to block ongoing attacks.”
