Parmy Olson, Columnist

Google’s $23 Billion Snub From Wiz Will Sting Them Both

It’s the second time in as many months that the tech giant has lost a deal to boost its lagging cloud business.

July 23, 2024 at 4:50 PM UTC

Parmy Olson is a Bloomberg Opinion columnist covering technology. A former reporter for the Wall Street Journal and Forbes, she is author of “Supremacy: AI, ChatGPT and the Race That Will Change the World.”

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Money talks, but even $23 billion didn’t convince the founders of Wiz Inc. to sell to Alphabet Inc.

Wiz, a New York-headquartered cybersecurity company that until recently would have been confused with a Hungarian low-cost airline or a rapper, has apparently made the mother of all jiujitsu moves against the acquisitive tech giant. It has walked away from what would have been Google’s biggest-ever purchase two months after the start of talks.