Google's cloud division hit $10 billion quarterly revenue, but failed to acquire HubSpot and Wiz. The $23 billion Wiz deal fell through, with Wiz aiming for $1 billion ARR and an IPO. Analysts speculate on reasons for the failed acquisition, including regulatory concerns and Wiz's growth potential. Google's struggle with large acquisitions persists, despite strong cloud performance, potentially hindering faster growth through M&A.
Google's cloud division hit $10 billion quarterly revenue, but failed to acquire HubSpot and Wiz. The $23 billion Wiz deal fell through, with Wiz aiming for $1 billion ARR and an IPO. Analysts speculate on reasons for the failed acquisition, including regulatory concerns and Wiz's growth potential. Google's struggle with large acquisitions persists, despite strong cloud performance, potentially hindering faster growth through M&A.