Startup faces difficult decision in turning down Rs. 200000 crore offer from Google
Cybersecurity startup Wiz has rejected Google’s substantial acquisition offer after reaching advanced talks. Google’s parent company Alphabet had proposed a significant amount of $23 billion (approximately Rs. 2 lakh crore) to acquire Wiz, potentially making it Google’s largest acquisition to date. According to a CNBC report, Wiz co-founder Assaf Rappaport informed staff in an internal memo about the decision to decline the offer. Why did Wiz turn down Google’s offer? According to an internal memo seen by CNBC, Wiz founder Assaf Rappaport said the company is interested in conducting an…
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