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    The Guardian

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



    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…



    Source link : https://www.theguardian.com/business/article/2024/jul/23/cybersecurity-firm-wiz-rejects-bid-google-alphabet

    Author : Mark Sweney

    Publish date : 2024-07-23 09:03:38

    Copyright for syndicated content belongs to the linked Source.

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