Wiz snubbed Google, then said ‘yes’ to an extra $9 billion

Wiz snubbed Google, then said ‘yes’ to an extra $9 billion

Last summer, investors persuaded the founders of cyber startup Wiz to turn down Google’s $23 billion takeover offer. They feared the U.S. government would block the deal and argued that Wiz was better off as an independent company.

Some have not forgotten Alphabet's failed attempt to acquire cybersecurity startup Wiz. Last year, Google's parent company made an offer for $23 billion to buy Wiz, but the startup proudly rejected it. Now, Alphabet has come up with a much more tempting offer, increasing this amount to $32 billion, which Wiz apparently couldn't resist and agreed to sell. Alphabet has announced that...