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Why this Israeli startup said no to Google’s ‘$23 billion acquisition offer’

By on July 28, 2024 0 18 Views

Google-parent Alphabet’s intended acquisition of cybersecurity startup Wiz, valued at $23 billion, failed as Wiz declined the offer. CEO Assaf Rappaport stated the company chose to focus on growth and future milestones like an IPO and reaching $1 billion in annual revenue. Concerns about antitrust and investors were also factors in the decision.

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