Tag: 23B
Posted in WP-3
It took some serious nerve for Wiz to walk away from Google’s $23B offer
Google had good news and bad news last week. The good news was that the cloud division — including Google Workplace software as a service and Google Cloud infrastructure services — made $10 billion for the quarter for the first time. That had to take the sting out of losing out on its second potential …
Posted in WP-3
Wiz turns down Google’s $23B acquisition deal – report (NASDAQ:GOOG)
Alena Kravchenko/iStock Editorial via Getty Images Cybersecurity startup Wiz walked away from a $23B acquisition deal with Google’s parent Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), according to a CNBC report that cites an internal company memo. The $12B cloud security startup will instead pursue a public offering as previously planned. “Saying no to such humbling offers is tough,” …