Israeli cybersecurity startup Wiz has ended talks with Google-parent Alphabet, opens new tab on a reported $23 billion deal that would have made it the U.S. tech giant's largest-ever acquisition. The global cyber outage from last week, brought on by a faulty update from cybersecurity firm CrowdStrike, was one of the major reasons for the deal talks falling through. The outage increased the potential value of cloud cybersecurity companies such as Wiz and led to increased interest in these firms.
Israeli cybersecurity startup Wiz has ended talks with Google-parent Alphabet, opens new tab on a reported $23 billion deal that would have made it the U.S. tech giant's largest-ever acquisition. The global cyber outage from last week, brought on by a faulty update from cybersecurity firm CrowdStrike, was one of the major reasons for the deal talks falling through. The outage increased the potential value of cloud cybersecurity companies such as Wiz and led to increased interest in these firms.