Wiz turns down $23B Google deal

https://fortune.com/2024/07/22/wiz-turns-down-23-billion-google-deal/

by jmsflknr • 2 years ago

14 9 2 years ago

fortune.com

jrflowers• 2 years ago

“I’m turning down 65x ARR so that I can do an IPO”

briefcase breaks open spilling out several pounds of scratcher tickets

basementcat• 2 years ago

Does this mean that Google may be able to acquire the company for less money on the public markets if they just wait a bit?

MenhirMike• 2 years ago

Depends on how much of the stock is actually available to purchase. If the owners of the company keep 51% (or 50% + 1 share? Whatever it is), then no.

rattray2• 2 years ago

I mean, if they think they can get to 1bn ARR reasonably soon and get, say, 30x on the public markets that's already a better outcome (plus they don't have to work at Google) -- and given their growth rate, an even better multiple might be expected.

dilyevsky2• 2 years ago

30x arr (not cash flow) is unbelievably high multiple in the current environment

SavageBeast• 2 years ago

Your comment made me go look at the P/E ratio of Alphabet itself - they're valued at 38x earnings. In this context turning down 65x ARR seems fucking insane at best.

Wiz turns down $23B Google deal

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