Wiz and Google Break Off $23 Billion Takeover Talks

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Wiz and Google have broken off takeover talks, ending a $23 billion deal that would have been the largest-ever purchase of a venture-backed company, according to an email sent to Wiz employees.

Google’s parent company Alphabet has been in talks to buy an Israeli cybersecurity firm in what would be the search engine company’s largest acquisition ever.

“While we are humbled by the offers we received, we have decided to continue on our path to building Wiz,” the company told employees in its email. A second source confirmed the deal fell through.

Google did not immediately respond to a request for comment.

This story is in development and will be updated