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What I don't understand is how you get to a valuation of $32B. My quick googling showed me that the revenue for Wiz is about $700M. Even if I assume the existin
by hyperbrainer 2y ago
What I don't understand is how you get to a valuation of $32B. My quick googling showed me that the revenue for Wiz is about $700M. Even if I assume the existing customers + name + platform/assets is worth several billion, where is this number coming from?
To be clear: I am young and ignorant. I am trying to learn, not criticise
- nashashmi 2y agoMy estimation is that there is another competitor that they wanted to out compete ... like Facebook paid $19B for whatsapp to outcompete google. The maximum market cap Wiz had was $13.2 Billion. So Google is paying 3x times the price. > Wiz has agreed to a termination fee of more than $3.2 billion, a source told Reuters, one of the highest fees in M&A history. Not sure how they can afford this if it doesn't work.