Cyber security startup Wiz reportedly rejects $23 billion acquisition proposal from Google

NEW YORK — Wiz has rejected a reported $23 billion acquisition proposal from Google parent Alphabet — as the cybersecurity startup pivots back to a previously-planned initial public offering, according to a company memo seen

Acquisition talks between companies can be very unpredictable — and, especially in today’s world of Big Tech, often open the door for antitrust concerns. That current pecking order may have given the Mountain View, California company some wiggle room to help knock down any potential red flags raised by regulators. Still, Google is no stranger to competition concerns. The main pillars of the tech giant’s empire — internet search and digital advertising — have become so prominent that the U.S. Justice Department has targeted them for antitrust violations in two separate lawsuits.

Wiz, a four-year-old startup headquartered in New York, makes security tools designed to shield the information stored in remote data centers from intruders. Back in May, Wiz said it raised $1 billion from venture capital investors in a funding round that valued the company at $12 billion.ORLANDO, Fla. — Florida’s population crossed the 23 million residents mark for the first time last year due to the influx of people moving from other states, according to state demographic estimates.

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Cyber security startup Wiz reportedly rejects $23 billion acquisition proposal from GoogleWiz, a cloud security firm based in New York, has rejected a proposed $23 billion acquisition deal offered by Google parent Alphabet, according to a Wiz memo seen by CNBC. Wiz CEO Assaf Rappaport said the company would now focus on an initial public offering.
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