3 ms·
My estimation is that there is another competitor that they wanted to out compete ... like Facebook paid $19B for whatsapp to outcompete google. The maximum mar
by nashashmi 2y ago
My 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.