Tech Brew Ride Home Mon. 07/15 – Google To Make Its Biggest Acquisition Ever?
Jul 15, 2024
Alphabet is eyeing a massive $23 billion buyout of cybersecurity startup Wiz, potentially reshaping the cloud market. Meanwhile, AT&T faces fallout from a data breach affecting millions, raising questions about cybersecurity vulnerabilities. HP unveils a new laptop boasting impressive power with its AMD Ryzen AI chip. Lastly, Apple's sales in India soar by 33%, showcasing a shift in the smartphone landscape, yet feature phones remain popular, complicating the tech market dynamics.
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Google's Biggest Acquisition
- Alphabet is in talks to acquire cybersecurity startup Wiz for $23 billion.
- This would be the biggest tech exit since Rivian's 2021 IPO.
Wiz's Meteoric Rise
- Wiz, founded by ex-Microsoft employees, is valued at almost double its valuation two months prior.
- The founders, veterans of the Israeli Defense Forces' Unit 8200, could each earn around $2 billion.
AT&T Data Breach and Ransom
- AT&T notified about 110 million customers of a data breach involving call records.
- A hacker, potentially affiliated with ShinyHunters, may have been paid over $370,000 by AT&T to delete the stolen records.