Wiz Turns Down $23 Billion Google Deal

Wiz, the cloud security startup that was in acquisition talks with Google, has decided not to forward with the deal and to remain an independent company, according to an internal note sent to company employees on Monday. Fortune: 'While we are flattered by offers we have received, we have chosen to continue on our path to building Wiz,' CEO Assaf Rappaport wrote in the note. Rappaport said in the email that the company's next target is to reach $1 billion in annual recurring revenue and to take the company public.

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