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cover of episode Google Agrees to Buy Wiz, Investors Prepare for Nvidia GTC

Google Agrees to Buy Wiz, Investors Prepare for Nvidia GTC

2025/3/18
logo of podcast Bloomberg Technology

Bloomberg Technology
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Bloomberg Technology discusses Google's acquisition of Wiz, highlighting its strategic significance and the competitive landscape in cloud security. The conversation also explores the background of Wiz's venture capital backing and the implications of the deal for Google's cloud market position.
  • Google plans to acquire Wiz for $32 billion, its largest acquisition to date.
  • Wiz turned down a $23 billion offer in the summer before accepting the increased bid.
  • Wiz will continue offering multi-cloud services, including AWS and Azure.
  • Google feels threatened by growing AI-related security threats and competition.
  • The acquisition reflects major backing from venture capital firms like Sequoia and Andreessen.

Shownotes Transcript

Bloomberg’s Caroline Hyde and Tim Stenovec discuss Google’s plan to acquire cybersecurity startup Wiz. Plus, Sands Capital’s Daniel Pilling lays out what investors are expecting from Nvidia CEO Jensen Huang’s Keynote at GTC. And Chinese tech stocks and EV makers are having a moment.

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