Wiz Snubs Google’s $23 Billion Offer: Independence Over Alphabet Soup!

Wiz rejects Alphabet’s $23 billion offer, choosing independence over a hefty premium. CEO Assaf Rappaport rallies 1,200 employees with a bold email.

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Published: July 23, 2024 3:06 amAdded: July 22, 2024 at 8:36 pmAssembled by: The Editor
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Hot Take:

Turning down $23 billion? Wiz must be casting some serious confidence spells! Guess they’re too cool for Google school.

Key Points:

  • Wiz rejected a $23 billion acquisition offer from Alphabet, Google’s parent company.
  • Wiz’s last private valuation was $12 billion.
  • The management team and investors support the decision to remain independent.
  • Wiz’s CEO, Assaf Rappaport, communicated the decision to 1,200 employees.

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