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Google's acquisition of Israeli cybersecurity firm Wiz is set to significantly increase Israel's tax revenue. The deal, involving share sales, will see founders—each owning about 9.3%—receive around $3 billion, leading to an estimated $900 million tax liability per founder. Additionally, Israeli employees, holding roughly 10% of Wiz, will also face capital gains tax on their shares, valued at approximately $3.2 billion.
SoftBank has achieved a remarkable return on its investment in Israeli cybersecurity firm Wiz, following Google's acquisition of the company for $32 billion. Having invested in Wiz just eight months prior, SoftBank has more than tripled its initial stake as Wiz, a key player in cloud security, serves nearly 45% of Fortune 100 companies. This acquisition marks the largest tech deal in Israel's history, highlighting the surging interest in cybersecurity amid increasing digital threats.
Alphabet is set to acquire cybersecurity firm Wiz for $32 billion, potentially making each of its four founders, Assaf Rappaport, Ami Luttwak, Yinon Costica, and Roy Reznik, approximately $3.2 billion richer after taxes. This deal, if finalized, would significantly boost Israeli tax revenues.
Google's acquisition of Israeli cybersecurity firm Wiz was finalized for $32 billion, significantly higher than its initial $23 billion offer, following a shift in the U.S. administration that eased antitrust concerns. The deal included a rare breakup fee exceeding $3.2 billion, reflecting Wiz's impressive revenue growth. Key executives from both companies played crucial roles in navigating the negotiations amid regulatory scrutiny.
Assaf Rappaport
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Google acquisition of Wiz expected to generate significant tax revenue for Israel
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Roy Reznik
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06:45 21.03.2025
SoftBank profits as Google acquires cybersecurity firm Wiz for 32 billion
08:50 19.03.2025
Alphabet to acquire Wiz for 32 billion dollars founders to earn 3.2 billion each
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Alphabet Inc.
WIZ CORP, Inc.
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Roy Reznik
Ami Luttwak
Assaf Rappaport
Yinon Costica
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08:30 19.03.2025
google finalizes 32 billion acquisition of wiz after regulatory shifts
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USA
Gail Slater
Donald Trump
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Assaf Rappaport
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05:46 19.03.2025
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