Google's $23B Wiz Acquisition to Boost Cloud Security
TL;DR Summary
Wiz, an Israeli cybersecurity company, has been acquired by Google for $23 billion, shifting from its initial IPO plans. While some lament the missed opportunity for a local IPO and the potential tax benefits for Israel, the acquisition underscores Wiz's success and sets a new standard for revenue multipliers in the tech sector. The deal also highlights the influence of major investors and the evolving dynamics of the tech industry.
- From IPO dreams to a Google acquisition: Wiz's $23 billion journey CTech
- Exclusive | Google Near $23 Billion Deal for Cybersecurity Startup Wiz The Wall Street Journal
- Why Google needs Wiz to keep up with Amazon and Microsoft CTech
- Google deal for 'hot market' cyber firm Wiz would bolster cloud security Reuters
- Google buying Wiz for $23B is 'rich,' but may be good for Palo Alto, CrowdStrike: Citi Seeking Alpha
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