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Google is buying Wiz for $32B to beef up in cloud security

1. Google plans to acquire cloud security startup Wiz for $32 billion. 2. This acquisition marks Google's largest deal in its history. 3. Wiz experienced growth, reaching $500 million in ARR last year. 4. The deal had previously stalled due to antitrust and autonomy concerns. 5. Wiz's valuation has increased from $12 billion to $32 billion amid interest.

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FAQ

Why Very Bullish?

The acquisition significantly boosts Google's cloud security offering, enhancing competitive edge.

How important is it?

This major acquisition directly impacts stock price through potential revenue growth and market expansion.

Why Long Term?

Expanding into the security space secures future revenue and market share, essential for long-term growth.

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