so, there was this company called wiz that makes stuff to keep computers safe. google wanted to buy it for a lot of money, like $23 billion. but then, people said it's not a good idea, so google and wiz decided not to do that. instead, wiz will try to sell pieces of the company to people in the stock market. Read from source...
The report titled `Google's $23B Acquisition Of Wiz Falls Through, Startup To Pursue IPO Instead: Report` by Benzinga Neuro & Benzinga Staff Writer provides an account of how Wiz, a cloud security startup, fell out of a $23 billion acquisition deal with Google's parent company, Alphabet Inc. According to the report, Wiz has decided to focus on an IPO instead, setting aside its previous goals, although the reasons behind the decision are not explicitly stated in the report. It is suggested that antitrust and investor concerns were the major reasons for Google calling off the deal. The report highlights that Alphabet's cloud division has been facing strong competition from companies such as Microsoft and Amazon. While the report offers a balanced and factual account of the situation, it does not critically analyze Google's acquisition decision nor does it mention any potential drawbacks of Wiz pursuing an IPO. In conclusion, the article provides a clear and concise account of the situation, but could have offered a more comprehensive analysis of the implications of Wiz's decision.