Wiz calls off $23 billion deal with Google, reveals memo

Google-parent Alphabet’s plans to acquire Israeli cybersecurity startup Wiz for a record $23 billion has reportedly come to an end. If the deal would’ve gone through, this would’ve been the tech giant’s biggest-ever acquisition.
According to a Wiz memo seen by the news agency Reuters, the cybersecurity company’s CEO Assaf Rappaport has explained the reason behind calling off this acquisition.