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Wiz walks away from $23B Google deal

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Cybersecurity startup Wiz has reportedly called off a $23 billion acquisition deal by Google parent company Alphabet.

"Saying no to such humbling offers is tough," Wiz co-founder Assaf Rappaport said in an employee memo that was obtained by CNBC.

Wiz plans to pursue an initial public offering as previously planned, according to the report.

Read more from CNBC.

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