Israeli cybersecurity startup Wiz walks away from Google's $23B acquisition offer; Wiz CEO Assaf Rappaport tells staff that Wiz will pursue an IPO as planned

Wiz has walked away from a $23 billion deal to be acquired by Google, in what would have been the search giant's largest ever deal …

CNBC 2024-07-23

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@ulonnaya Tage on x
Wiz walks away from Google's $23B acquisition offer: Read the CEO's note to employees. “Let me cut to the chase: our next milestones are $1 billion in ARR and an IPO.” https://techcrunch.com/...
@alexrkonrad Alex Konrad on x
Wiz shot first by announcing its proposed $23 billion sale to Google was off via an email from CEO Assaf Rappaport to 1,000+ employees that was always going to leak. “Wiz Walks Away” is the story then, tonight. It will be interesting to see if Google backs up that narrative. [ima…
@alexeheath Alex Heath on x
@alexrkonrad *always going to *immediately leaked intentionally to everyone for narrative leverage yes!
@eastdakota Matthew Prince on x
Surprising no one.
@tenreirodaniel Daniel Tenreiro on x
Legit inspiring move. Both M&A and IPO markets have been bone dry for 2 years & these guys still had the gumption to say no [image]
@zastocks @zastocks on x
Wiz is walking away from the $23B sale with Google. This comes after seeing the Crowdstrike debacle. This is what I've been talking about re: $S and $PANW. Competitors smell blood in the water. I see many brushing this off calling the drop a “buying opportunity.” Big mistake. [im…
@mattturck Matt Turck on x
I'm old enough to remember when Zuck walked away from a mere $1B. Simpler times. [image]
@alexrkonrad Alex Konrad on x
Remember: in 2023, Wiz told press it was looking Into buying SentinelOne, which led SentinelOne's CEO to call it a “nice little startup.” And this spring, Wiz was widely reported to be shopping for Lacework, another M+A deal that fell through. Chatty. https://www.forbes.com/...
@kwuchu Iheanyi Ekechukwu on x
Bruh, what? 😭 I don't understand this. They better hit $23b market cap from the IPO date OR I'd be pissed as an employee.
@rustybrick Barry Schwartz on x
That whizzed bye
@carnage4life Dare Obasanjo on x
This is Google's second failed acquisition this month given talks to acquire HubSpot fell apart a few weeks ago. Google is now going from struggling to ship products to struggling to acquire companies. Hopefully Q2 earnings end up being a bright spot. [image]
@ourielohayon Ouriel on x
spectacular internal message from the WIZ CEO to their team after they passed on the Google 23b acquisition
@whoiskatrin Kate on x
Wiz rejects Google's $23 billion acquisition offer, eyes IPO instead [image]
@nheudecker Nick Heudecker on x
It doesn't matter if Google backs it up. Wiz played 'em and now Google looks slow and ineffectual until the next rumor surfaces.
@yagizsozmen @yagizsozmen on x
Nope. Wiz has reportedly walked away from a $23 billion deal to be acquired by Google $GOOGL. The balls to reject $23b exit in 4 years 😳
r/technology r on reddit
Wiz walks away from $23 billion deal with Google, will pursue IPO
r/business r on reddit
Wiz walks away from $23 billion deal with Google, will pursue IPO
r/cybersecurity r on reddit
Wiz/Google looks to be dead

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Israeli cybersecurity startup Wiz walks away from Google's $23B acquisition offer; Wiz CEO Assaf Rappaport tells staff that Wiz will pursue an IPO as planned

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