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24.07 / 08:17
Google ‘Saying no to such humbling offers is tough’: Startup rejects Rs. 200000 crore offer from Google, here’s why
Wiz, a cybersecurity startup, has turned down Google's massive acquisition offer after reaching advanced negotiations. For those who are unaware, Google's parent company Alphabet offered a massive amount of $23 billion (around Rs. 2 lakh crore) to acquire Wiz. The deal could have been Google's biggest ever acquisition. As per a report by CNBC, Wiz's co-founder Assaf Rappaport sent an internal memo to the staff, revealing the reason for denying the offer.
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