Alphabet’s reported $23B bet on Wiz fizzles out
July 23, 2024 at 10:39AM Wiz has declined Alphabet’s $23 billion takeover bid, opting instead for an IPO and aiming for $1 billion in annual recurring revenue. Regulatory concerns may have played a part, given Google’s antitrust scrutiny. The cybersecurity firm, valued at $12 billion, has raised $1.9 billion in funding and acquired Gem Security, … Read more