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Google's $23 Billion Bid for Wiz Rejected Amid Antitrust Concerns

Wiz opts for IPO, reflecting broader industry hesitance due to regulatory scrutiny

  • Google's attempts to acquire Wiz and HubSpot were derailed by antitrust fears.
  • A recent software issue at CrowdStrike increased Wiz's market value, influencing its decision.
  • Wiz CEO Assaf Rappaport announced the company would pursue an IPO instead.
  • Past tech deals like Adobe's bid for Figma and Amazon's for iRobot also failed due to regulatory pressures.
  • The trend highlights growing regulatory challenges for big tech acquisitions.
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