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.