This may be Google’s largest purchase ever, and the largest purchase in Israel’s history. CEO Assaf Rappaport, CTO Ami Luttwak, VP Product Yinon Costica, and VP R&D Roy Reznik are each believed to hold an estimated 10 per cent of the company. With all four being Israel residents, each will have to pay 25% capital tax and an additional 3% surtax, meaning they will be contributing over $600 million each in taxes. After entering the world billionaires list earlier this year, the four founders of cybersecurity decacorn Wiz look set to cash in earlier than expected should the deal to sell the company to Google parent Alphabet for $23 billion be completed. Wiz was founded in March 2020.
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- Google in advanced talks to buy Israeli company Wiz for $23 billion
Google in advanced talks to buy Israeli company Wiz for $23 billion
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