My estimation is that there is another competitor that they wanted to out compete ... like Facebook paid $19B for whatsapp to outcompete google. The maximum market cap Wiz had was $13.2 Billion. So Google is paying 3x times the price.
> Wiz has agreed to a termination fee of more than $3.2 billion, a source told Reuters, one of the highest fees in M&A history.
Not sure how they can afford this if it doesn't work.
