Wedbush says a Google/Wiz deal could be tip of iceberg to massive M&A cycle

Wedbush notes that The Wall Street Journal is reporting that Google (GOOGL) is close to acquiring Wiz, one of the highest profile private cyber security vendors globally in a groundbreaking $23B deal. For Google, this would be a shot across the bow at Microsoft (MSFT) and Amazon (AMZN) making a major bet on the cyber security space to complement its flagship GCP offering in the cloud, the firm argues. This would give Google an edge on several cloud deployments and further monetize the cyber security cloud space with still less than 50% of the workloads not on the cloud globally. Further, in Wedbush’s view in the scenario that Trump wins the White House in November and a much weaker FTC and friendlier Beltway for deals, it would expect an accelerated M&A environment to take place for Big Tech and believes a potential Google/Wiz deal would be just the tip of the iceberg to a massive M&A cycle for Big Tech in 2025.