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In leaked memos, Google bosses address the $32 billion Wiz deal: 'We don't make deals like this every day'

1. Google plans to acquire Wiz for $32 billion, its largest deal ever. 2. Acquisition strengthens Google's position in the cybersecurity and multicloud sectors. 3. Analysts claim Google lacks a credible enterprise cloud security platform. 4. Deal subject to regulatory approval; closure expected by 2026. 5. Wiz enhances Google's capability to manage AI-related cybersecurity threats.

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FAQ

Why Bullish?

Acquisitions can provide strategic advantages and drive revenue growth, similar to Microsoft's purchase of LinkedIn, which boosted their offerings. The size of this deal signifies strong confidence in growth prospects.

How important is it?

The acquisition is significant as it addresses growing cybersecurity needs, impacting market position and potential revenue. It directly positions GOOG competitively in the expanding cloud sector.

Why Long Term?

The acquisition will improve Google Cloud's offerings, positioning the company for long-term elevated revenue in the growing cloud security market.

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