Why Wiz rejected Google’s $23 billion acquisition offer

Quick Summary:

Wiz CEO Assaf Rappaport declined Google’s $23B offer, aiming for growth and an IPO.

Learn why Wiz prioritises independence, vision, and agility.

At the time of Alphabet's acquisition offer, Wiz had a valuation of $12 billion after raising $1 billion in Series E funding round this year.

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Article Details

Author / Journalist: Aasma Khan

Category: StartupsEconomyBusiness

Markets: India

Topics: Cloud Acquisition Rappaport Tech Offer Company Market Wiz’s Security Assaf Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 05:36:17 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 526 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23442354

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 16 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

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