Cybersecurity firm Wiz rejects $23bn bid from Google parent Alphabet

Cybersecurity firm Wiz rejects $23bn bid from Google parent Alphabet

Technology sector, Business, Alphabet, Google, Technology, UK news, US news, World news Business | The Guardian

​Israeli company aims for stock market flotation after spurning biggest deal in tech group’s historyThe cybersecurity firm Wiz has turned down a $23bn (£18bn) takeover bid from Google’s parent, Alphabet, spurning what would have been the tech company’s biggest ever acquisition and seeking a stock market flotation instead.Alphabet had been in talks with Wiz, founded by alumni of Israel’s cyberintelligence unit, as it seeks to catch rivals Microsoft and Amazon in the hyper-competitive cloud services market. Continue reading… 

Israeli company aims for stock market flotation after spurning biggest deal in tech group’s history

The cybersecurity firm Wiz has turned down a $23bn (£18bn) takeover bid from Google’s parent, Alphabet, spurning what would have been the tech company’s biggest ever acquisition and seeking a stock market flotation instead.

Alphabet had been in talks with Wiz, founded by alumni of Israel’s cyberintelligence unit, as it seeks to catch rivals Microsoft and Amazon in the hyper-competitive cloud services market.

Continue reading… 

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