In recent weeks, the potential acquisition between Google and Wiz concluded with an unexpected result. Google’s $23 billion offer was officially rejected by Wiz. Wiz CEO Assaf Rappaport announced this decision in an email to his employees and stated that the company’s sale was completely off the agenda.
Wiz’s Decision to Go Public
Rappaport also stated that Wiz will be going public and that the company will be listed on the stock market in the near future. This development shows Wiz’s commitment to maintaining independence and growth. Google, on the other hand, has remained silent in this situation. The tech giant, which had shown a similar stance in previous weeks, has again made no statement this time.
Wiz’s bold move has made a significant impact in the technology and investment worlds. The company’s future strategies and performance on the stock market will be an important indicator for other players in the sector. It is curious what steps Google will take after this major acquisition attempt.