Cybersecurity start-up Wiz has turned down a $23 billion acquisition offer from Google, choosing instead to pursue an initial public offering . The acquisition would have been Google’s largest in the history of the internet giant.that Wiz, a privately held cybersecurity company, has made a significant decision that could reshape its future trajectory.
The potential acquisition by Google would have had far-reaching implications for both companies. For Google, it would have bolstered its cloud-computing division and enhanced its competitive position against Microsoft in the cybersecurity sector. Wiz has gained prominence for its cloud application protection services, which are increasingly relied upon by businesses.
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