Google’s biggest acquisition falls over as cybersecurity start-up Wiz rejects Alphabet’s $35bn offer

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