Cybersecurity startup Wiz Inc. rejected the offer from Alphabet Inc. about a takeover worth up to $23 billion. Bloomberg writes about this.
► Read Ministry of Finance Facebook page: main financial news
What is known
Wiz CEO Assaf Rappaport announced the rejection of takeover proposals in a memo to employees.
“The market valuation we received following this news only confirms our goal to create a platform that appeals to both the security and development teams,” Rappaport said in the memo.
Read: Alphabet is in talks to acquire cybersecurity startup Wiz for $23 billion
He also announced that the company's next plans are to achieve $1 billion in annual recurring revenue and an IPO.
Recall
Earlier, the Ministry of Finance wrote that Alphabet, the parent company of Google, is negotiating the acquisition of cybersecurity startup Wiz for approximately $23 billion.
- Shares (securities)