Google Completes $32B Wiz Acquisition; Only 2 of 5 Split Stocks Beat Market
Google closed its $32 billion acquisition of cybersecurity company Wiz this week, marking the biggest acquisition in Google’s history and the largest ever for a venture-backed startup. Among the five Magnificent 7 companies that split shares since 2020, only two outperformed the market, showing splits alone may not boost performance.
1. Google Completes $32 Billion Wiz Acquisition
This week Google finalized a $32 billion purchase of cybersecurity company Wiz, marking its largest acquisition ever and the biggest acquisition of a venture-backed startup. The deal is designed to leverage Google’s AI and cloud infrastructure to enhance Wiz’s platform and deepen Google’s position in enterprise security.
2. Magnificent 7 Stock Splits Show Limited Gains
Since 2020, five Magnificent 7 companies have implemented stock splits, yet only two of those have outperformed the market, underscoring that split-driven rallies may falter without strong underlying growth. This pattern raises questions about the standalone effectiveness of stock splits in driving sustained shareholder value.