Alphabet (GOOG, GOOGL) is in talks to acquire cyber security startup Wiz for $23 billion, according to a report from the Wall Street Journal.
Jefferies senior analyst Brent Thill joins Market Domination Overtime to give insight into the movements in big tech, the cloud space, and why he believes this merger will be a successful one for Alphabet.
Thill is excited by this deal, stating: "I think this makes a lot more sense given that they [Wiz] can address both small, mid, and large enterprises with this technology. That the government–there’s zero chance, in my opinion, they could push back on this because it’s enabling the security and safety of data, and no one has dominant market share, so it makes a lot of sense for us. So, again, we’ve heard a lot of chatter, and M&A by Google. None of it’s happened, clearly, the HubSpot deal, at least in the interim, fell apart. But this deal, in my opinion, makes a lot more sense. I’d be a lot more excited as a shareholder if this was happening. "
#BigTech #youtube #news
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at finance.yahoo.com
– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
