The Big Names Are Making Moves: Wiz, Graphcore, and More in Recent M&A Activity

Are you ready to dive into the latest buzz in the tech industry? Grab a cup of coffee and settle in as we explore some of the most intriguing mergers and acquisitions happening right now. From big names like Google and SoftBank to rising stars like Wiz and Graphcore, there’s a lot to unpack!

Wiz Acquisition

What’s the Scoop?

Google is deep in discussions to acquire Wiz, a cloud security startup that has taken the market by storm.

Key Points:

• Price Tag: Google’s offer is a jaw-dropping $23 billion.
• Wiz’s Growth: They’ve hit $500 million in annual recurring revenue (ARR) in just four years!
• Valuation: Google’s offer is more than double Wiz’s last valuation of $12 billion.
• Deal Status: There’s a 50% chance this deal might not go through.

Graphcore Acquisition

What’s Cooking?

SoftBank has swooped in and acquired Graphcore, the UK-based AI chipmaker.

Key Points:

• Undisclosed Amount: The financial details aren’t public yet.