Wiz Acquisition Breaks Quarterly Records with $32 Billion Deal

Deal News | Mar 24, 2025 | EIN

Wiz Acquisition Breaks Quarterly Records with $32 Billion Deal

The startup acquisition market has shown significant activity this year, reaching new heights with a collective total of $54.5 billion. A notable highlight is Google's $32 billion acquisition of cybersecurity startup Wiz, marking the largest-ever deal for a venture-backed company. This comes during a period of resurgence in M&A activity, facilitated by favorable antitrust policies from the Trump administration, giving venture-backed startups a clear path to liquidity. Other major deals include SoftBank’s $6.5 billion purchase of Ampere Computing, Scopely's $3.5 billion acquisition of Niantic's gaming business, and PepsiCo's near $2 billion deal for Poppi. The surge represents a positive shift after a lengthy stagnation in the IPO and startup markets, signifying optimism in Silicon Valley. Industry insiders like Matt Murphy of Menlo Ventures suggest easier valuation alignments between buyers and sellers thanks to the past scarcity of deals.

Sectors

  • Technology
  • Venture Capital
  • Mergers and Acquisitions (M&A)
  • Finance

Geography

  • United States – The article references Silicon Valley, a major hub for technology and venture capital activities, as well as companies like Google and partners from the US.

Industry

  • Technology – The article discusses acquisitions in the tech sector, notably in cybersecurity and artificial intelligence.
  • Venture Capital – The focus on venture-backed startup acquisitions highlights the venture capital industry's role in facilitating these deals.
  • Mergers and Acquisitions (M&A) – The article centers on recent high-value M&A transactions in the startup ecosystem.
  • Finance – The financial implications of these acquisitions are substantial, involving billions of dollars in transaction value.

Financials

  • $32 billion – The purchase price for Wiz by Google, marking the largest-ever deal for a venture-backed startup.
  • $54.5 billion – Cumulative worth of 11 startup sales announced this year.
  • $6.5 billion – Purchase price for Ampere Computing by SoftBank Group Corp.
  • $3.5 billion – Price for Scopely's acquisition of Niantic's gaming business.
  • Almost $2 billion – Acquisition value of soda startup Poppi by PepsiCo.
  • $1.7 billion – CoreWeave's acquisition value of Weights & Biases.
  • $2.85 billion – ServiceNow's acquisition price for AI firm Moveworks.
  • $1.5 billion – Acquisition value of Egnyte Inc. by private equity firms.

Participants

NameRoleTypeDescription
GoogleAcquirerCompanyTech giant that agreed to purchase cybersecurity startup Wiz for $32 billion.
WizTarget CompanyCompanyCybersecurity startup acquired by Google for a record-setting $32 billion.
SoftBank Group Corp.AcquirerCompanyJapanese multinational investing company acquired Ampere Computing for $6.5 billion.
Ampere Computing LLCTarget CompanyCompanyChip designer acquired by SoftBank Group Corp.
Scopely Inc.AcquirerCompanyGaming company that acquired Niantic's gaming business for $3.5 billion.
Niantic Inc.Target CompanyCompanyCompany whose gaming business was acquired by Scopely.
PepsiCo Inc.AcquirerCompanyMultinational food and beverage corporation that bought soda startup Poppi.
PoppiTarget CompanyCompanySoda startup acquired by PepsiCo Inc. for almost $2 billion.
CoreWeaveAcquirerCompanyCompany that agreed to buy AI business Weights & Biases.
Weights & BiasesTarget CompanyCompanyAI business acquired by CoreWeave for $1.7 billion.
ServiceNow Inc.AcquirerCompanyCompany that agreed to acquire AI firm Moveworks.
MoveworksTarget CompanyCompanyAI firm acquired by ServiceNow Inc. for $2.85 billion.
Matt MurphyBoard MemberPersonPartner at Menlo Ventures and board member of companies recently involved in M&A activity.
Menlo VenturesVenture CapitalCompanyVenture capital firm involved in the recent acquisition of Egnyte Inc.
Egnyte Inc.Target CompanyCompanyCompany sold to private equity firms for $1.5 billion.