Google acquisition target Wiz another fruit of Israel's military intelligence

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Google acquisition target Wiz another fruit of Israel's military intelligence - Channel News Asia

Quick Summary:

JERUSALEM : An elite Israeli military intelligence unit may once again be about to prove its value to the nation's tech economy as Google's parent eyes cybertech company Wiz for an eyewatering $23 billion.

As the war in Gaza squeezes Israel's economy, the deal underscores the resilience of the tech industry, which accounts for some 20 per cent of the country's output and around 15 per cent of jobs.

"One might expect the 'Israeli factor' to have a stronger impact on the Israeli tech activity, but the data suggests otherwise," Avi Hasson, Startup Nation Central chief executive, said.