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Google buys Wiz: Backer Sequoia Capital to reap 25-fold return from the deal

Sequoia is one of several venture capital firms that invested in Wiz that are now on track to reap big gains.

Google will acquire cloud security platform Wiz for $32 billion, citing the need for greater cybersecurity capacity as artificial intelligence embeds itself in technology infrastructure.(Kimihiro Hoshino/AFP)
Published on Mar 19, 2025 07:16 AM IST
Bloomberg |

Google set to acquire cybersecurity firm Wiz for $32 billion

Wiz will join the Google Cloud business once the deal closes, the companies said in a statement on Tuesday.

 Google will acquire cloud security platform Wiz for $32 billion, citing the need for greater cybersecurity capacity as artificial intelligence embeds itself in technology infrastructure. The all-cash deal brings Wiz into the Google Cloud operation, boosting the capacity of consumers to use
Published on Mar 18, 2025 06:59 PM IST
Bloomberg | | Posted by Arya Vaishnavi

Google built illegal monopoly to become world's default search engine: US court

“Google is a monopolist, and it has acted as one to maintain its monopoly," US district judge Amit Mehta ruled in landmark judgement against Big Tech.

US district judge Amit Mehta ruled Monday, Aug. 5, 2024, that Google's ubiquitous search engine has been illegally exploiting its dominance to squash competition and stifle innovation in a seismic decision that could shake up the internet and hobble one of the world's best-known companies. (AP Photo/Richard Drew, File)
Updated on Aug 06, 2024 08:14 AM IST

Sinking AI darlings like Amazon and Intel drag Nasdaq 100 into correction zone

The violent rotation from Big Tech plunged the Nasdaq 100 Index into correction territory, wiping out more than $2 trillion in value in just over three weeks

This photo combo of images shows logos for Apple, Meta, Google and Amazon. (AP)
Updated on Aug 03, 2024 11:56 AM IST
Bloomberg |

Sundar Pichai confirms Alphabet Inc. is going to issue first-ever dividend

Google's parent company Alphabet Inc. will issues cash dividend for the first time.

Google and Alphabet Inc. CEO Sundar Pichai speaks at Stanford University on April 03, 2024 in Stanford, California. Justin Sullivan/Getty Images/AFP (Photo by JUSTIN SULLIVAN / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)(Getty Images via AFP)
Published on Apr 26, 2024 12:31 PM IST
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