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Wiz explained the reasons behind rejecting Google’s $23 billion offer!

  • November 3, 2024
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Wiz, cloud security Considering the great opportunities in the sector Google’s $23 billion offer He turned it down. CEO of the company Assaf Rappaportemphasized that this decision was

Wiz explained the reasons behind rejecting Google’s  billion offer!

Wiz, cloud security Considering the great opportunities in the sector Google’s $23 billion offer He turned it down.

CEO of the company Assaf Rappaportemphasized that this decision was quite difficult to make, but that it was a logical step in terms of long-term goals.

Why did he say no to Google’s offer?

google wiz

Report, Wiz’s potential is $100 billion He stated that it was based on a market opportunity. The private value of the company at the time the offer was rejected $12 billion The CEO stated that they had received other offers, but none were as high as Google’s.

Rappaport, the company’s strategic objectives in the field of cloud security He stated that it is based on consolidating his leadership and ensuring sustainable growth. For this reason, he emphasized that they made this decision with the aim of going beyond short-term profits and achieving greater long-term success.

Source: Web Tekno

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