TechCrunch Minute: Why did Wiz walk away from $23 billion?
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Wiz reportedly declined a $23 billion acquisition offer from Google, with CEO Assaf Rappaport telling employees the company will stay independent, pursue $1B in annual recurring revenue, and aim for an eventual IPO. The coverage suggests leadership believes Wiz could exceed the offer’s valuation over time, either publicly or via a future deal.
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