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Wiz Rejects Google’s $23B Offer: Aiming for IPO and $1B Revenue Instead
Wiz snubs Google’s $23 billion offer, eyes IPO to surpass $1 billion in annual recurring revenue. CEO Assaf Rappaport: “Saying no to such humbling offers is tough.”
Hot Take:
Wiz just swiped left on Google’s $23 billion proposal like it’s a bad Tinder date. Instead, they’re strutting down the IPO runway, aiming to make $1 billion ARR. Confidence, much?
Key Points:
- Google offered to acquire cybersecurity startup Wiz for $23 billion.
- Wiz declined the offer and will pursue an initial public offering (IPO).
- The startup aims to surpass $1 billion in annual recurring revenue (ARR) this year.
- CEO Assaf Rappaport shared the news with staff via email.
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