Google plans to acquire cybersecurity company Wiz for $32 billion in the search giant’s largest-ever acquisition.
In a vacuum, that’s stunning, but it’s even more so in context. The last couple years have been an exhaustingly stalled time for venture capital-backed companies looking for a big ticket exit. Under former Federal Trade Commission Chair Lina Khan, acquisitions by Big Tech became a hazy exit lane because of antitrust concerns. Meanwhile, economic considerations and geopolitical pressures mostly froze the IPO market.
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