Wiz Rejects Google's $23 Billion Offer

a { color: #880000 !important; background: #ffeeee !important; } Latest NewsGoogle's AI Ambitions and Cybersecurity DealingsTechnology > technologyAlphabet's attempt to acquire cybersecurity startup Wiz for $23 billion failed, while the company reported strong revenue growth in search advertising and cloud services, with quarterly sales reaching $84.7 billion.

What's happened

Alphabet's attempt to acquire cybersecurity startup Wiz for $23 billion failed, while the company reported strong revenue growth in search advertising and cloud services, with quarterly sales reaching $84.7 billion.

What's behind the headline?

What the papers say

The New York Times reports on Alphabet's strong revenue growth in search advertising and cloud services, while Business Insider UK focuses on the failed acquisition of cybersecurity startup Wiz. The Guardian and NY Post provide additional insights into the deal and Alphabet's financial performance.

How we got here

Alphabet's interest in acquiring cybersecurity capabilities aligns with its focus on expanding its cloud services to compete with industry leaders like Microsoft and Amazon. The company's revenue growth in search advertising reflects its dominance in the digital advertising market.

Go deeper

What impact could the failed acquisition have on Alphabet's cybersecurity strategy?
How might Wiz's decision to pursue an IPO affect the cybersecurity market?
What are the implications of Alphabet's strong revenue growth for its future investments?

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