Google’s much-hyped $23 billion bid to buy Israeli cybersecurity startup Wiz has reportedly fallen through, according to CNN.
If it had gone through, the deal would have been Google’s biggest and the largest in Israel’s history. However, it seems to have been quashed not by pressure from BDS or regulators but from Wiz’s management.
At least, that’s how Wiz founder Assaf Rappaport has presented it in his communications with staff and the press.
Rappaport says he prefers to prepare WIZ for an IPO and believes the business can generate its first $1 billion as a standalone business.
In a memo to employees, Rappaport wrote, ““I know the last week has been intense, with the buzz about a potential acquisition. While we are flattered by offers we have received, we have chosen to continue on our path to building Wiz.”
“Saying no to such humbling offers is tough, but with our exceptional team, I feel confident in making that choice,” he added.
