Google’s biggest acquisition falls over as $35b offer rejected

Lynn Doan and Julia Love

Jul 23, 2024 – 4.23pm

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New York | Cybersecurity start-up Wiz has turned down a takeover bid of as much as $US23 billion ($34.7 billion) from Google’s parent company, Alphabet, sticking with a plan for an initial public offering.

The rejection will come as a blow to Alphabet, which is trying to catch up with Microsoft and Amazon in an intensely competitive cloud services market.

Bloomberg