Cybersecurity firm Wiz walks away from $23 billion deal with Google, memo says


FILE PHOTO A drone view shows the Google logo on a building after the launch of Google El Salvador in San Salvador El Salvador April 16 2024. REUTERSJose CabezasFile Photo

FILE PHOTO: A drone view shows the Google logo on a building after the launch of Google El Salvador in San Salvador, El Salvador, April 16, 2024. REUTERS/Jose Cabezas/File Photo

(Reuters) -Cybersecurity startup Wiz has walked away from a reported $23 billion deal to be acquired by Google-parent Alphabet and has chosen to pursue an initial public offering as it initially planned, according to a Wiz memo seen by Reuters.

"While we are flattered by offers we have received, we have chosen to continue on our path to building Wiz," CEO Assaf Rappaport said in the memo, without naming Google.


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