Wiz Reportedly Rejects $23 Billion Google Deal

Category: Business

Wiz has decided to proceed with its initial public offering (IPO) instead of accepting a significant acquisition offer from Google, citing investor and antitrust concerns. The company aims to reach $1 billion in yearly recurring revenue, focusing on its cloud security services amidst increasing cybersecurity threats and regulatory pressures.

Keywords: Wiz, IPO, cybersecurity

Source: pymnts.com

Update At: 7/24/2024

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