Cybersecurity startup Wiz has turned down a $ 23 billion acquisition offer from Alphabet, Google’s parent company, according to a source familiar with discussions. Despite the offer representing a substantial premium over its last private valuation of $ 12 billion, Wiz’s management team with the support of investors has opted to remain independent, the person […]
Unpacking how Alphabet’s rumored Wiz acquisition could affect VC
Alphabet, the parent company of Google, is in advanced talks to acquire cybersecurity startup Wiz for $ 23 billion, the Wall Street Journal reported on Sunday. TechCrunch’s sources heard similar and added that deal discussions could last into next week. If this deal does end up getting done, it would be Alphabet’s largest acquisition yet. […]
The trade deadline acquisition Phillies “expect” to make, per insider
The Philadelphia Phillies are a club with championship aspirations and a clear roster weakness. And when your general manager is Dave Dombrowski, that weakness usually doesn’t last long. All season, the Phillies have been one outfielder short. They returned the same starting lineup they used in every postseason game in 2023, but second-year center fielder […]
UK probes HPE’s planned $14B Juniper Networks acquisition
The U.K.’s Competition and Markets Authority (CMA) has initiated a formal “phase 1” investigation into Hewlett Packard Enterprise’s (HPE) planned acquisition of Juniper Networks. The CMA said it’s in the early stages of assessing whether the deal is likely to “result in a substantial lessening of competition within any market or markets in the United […]
IBM moves deeper into hybrid cloud management with $6.4B HashiCorp acquisition
IBM wisely gravitated away from trying to be a pure cloud infrastructure vendor years ago, recognizing that it could never compete with the big three – Amazon, Microsoft and Google. It has since moved onto helping IT departments manage complex hybrid environments, using its financial clout to acquire a portfolio of high profile companies. It […]