ServiceNow in Talks to Acquire Cybersecurity Firm Armis for $7 Billion; Alphabet to Gain from SpaceX Valuation
ServiceNow is reportedly in advanced discussions to acquire cybersecurity startup Armis in a deal potentially worth $7 billion, marking its largest acquisition to date. Armis specializes in tracking security threats across various industries and reported $300 million in annual recurring revenue in August, up from $200 million the previous year.
This acquisition aligns with a trend of increasing cybersecurity investments driven by the rise of artificial intelligence in threat detection. Meanwhile, Alphabet Inc. is expected to record a significant paper gain from a tender offer valuing SpaceX at approximately $800 billion, reflecting strong investor confidence in the tech sector.
In geopolitical news, the Iraqi Foreign Ministry condemned a terrorist attack targeting U.S. and Syrian forces, while the Saudi Foreign Ministry denounced violence following an attack in Sydney. Additionally, Hamas appointed a new leader for its Military Manufacturing Division amid ongoing conflict.
Italian Prime Minister Giorgia Meloni called U.S. President Trump’s new national security strategy a “wake-up call” for Europe, emphasizing the need for European defense reassessment.
