Verge

Wiz rejects Google’s $23 billion takeover in favor of IPO

New York Times

Google’s $23 Billion Plan to Buy Cybersecurity Start-Up Wiz Falls Apart

Forbes

Google Stock Could Rise On Q2 Cloud Growth Despite Busted Wiz Deal

Business Insider

Wiz is walking away from a $23 billion deal with Google

Guardian

Cybersecurity firm Wiz rejects $23bn bid from Google parent Alphabet

Associated Press

Cyber security startup Wiz reportedly rejects $23 billion acquisition proposal from Google

Wiz ends talks with Google on $23 billion deal

Cloud computing start-up Wiz has decided not to accept Google parent company Alphabet's reported acquisition offer of $23B, according to a memo, instead choosing to pursue an initial public offering (IPO) of $1B. CEO Assaf Rappaport reportedly cited US antitrust and investor concerns as reasons.

CNBC

Wiz, founded by four former Israeli military officers in 2020, has been valued at $12B, making the decision to back out of the deal "tough," according to an email written by Rappaport. The co-founders each own 9% of the company, with venture firms Index Ventures, Sequoia Capital, and Thrive Capital, among others, also owning stakes.

TechCrunch

The deal would have been Google's largest-ever acquisition — almost double its $12.5B purchase of Motorola Mobility in 2012.

The founders of Wiz also have a history of successful acquisitions, including their 2015 sale of security company Adallom to Microsoft for $320M.

Google, which is awaiting an antitrust verdict from the US Justice Department, previously bought cybersecurity company Mandiant for $5.4B in 2022 and is also reportedly considering buying cybersecurity firm HubSpot.

Wall Street Journal

Verge #1

New York Times #1

Forbes #1

Business Insider #1

Guardian #1

Associated Press #1

CNN #1

CNBC #

TechCrunch #

New York Times #811

Wall Street Journal #

Gary Hershorn/Contributor/Corbis News via Getty Images

Google-Wiz Acquisition Falls Apart

Finance

Report: Google-Wiz Acquisition Falls Apart

Report: Google-Wiz Acquisition Falls Apart

Report: Google-Wiz Acquisition Falls Apart

Articles on this story

Sign Up for Our Free Newsletters
Sign Up for Our Free Newsletters

Report: Google-Wiz Acquisition Falls Apart

Report: Google-Wiz Acquisition Falls Apart

Articles on this story

Sign Up for Our Free NewslettersSign Up for Our Free Newsletters

Sign Up for Our Free Newsletters
Sign Up for Our Free Newsletters