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.
