In this episode, we break down the seismic implications of Google’s proposed $32 billion acquisition of Wiz, the world’s largest cybersecurity unicorn—and why this isn’t just another tech deal.
At the core is the U.S. Department of Justice’s antitrust investigation, triggered by concerns that the deal could tighten Google’s grip on a critical sector: multi-cloud cybersecurity. With Wiz already serving 40% of the Fortune 100 and boasting $500M in ARR, the acquisition could position Google as a dominant force in cloud-native application protection—potentially squeezing competitors and reshaping the market.
We examine what’s driving this mega-deal, from Google’s desire to compete with Microsoft Defender for Cloud, to its push for a unified security stack that spans AWS, Azure, and Oracle Cloud. We also look at the staggering $3.2B breakup fee—10% of the deal value—which suggests that both companies anticipated regulatory roadblocks.
This isn’t happening in a vacuum. We contextualize the deal within broader M&A trends in 2025, including evolving deal structures, regional regulatory crackdowns in Europe and China, and a shifting landscape under the Trump administration in North America. Plus, we explore the booming cloud security market, projected to hit $270B by 2035, and what the DOJ’s actions could mean for future cloud M&A.
Finally, we explore counterpoints from the UK’s Cloud Services Market Report, which suggests that the cloud landscape remains competitive globally, with price wars, strong buyer power, and plenty of innovation. So is the DOJ overreacting—or is Google really aiming to own the future of cybersecurity?
📌 Topics covered:
🧠 Why Wiz became the crown jewel of cloud security
💰 The motivations behind Google’s biggest acquisition ever
⚖️ The DOJ’s case and the growing wave of antitrust scrutiny
🌍 Regional M&A shifts in the US, Europe, and China
📉 Price wars, competition, and market structure in cloud services
🛡️ The future of multi-cloud security, and who really controls it
