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Cybersecurity firm Wiz is reportedly in advanced negotiations to acquire its competitor Lacework for a purchase price ranging between $150 million and $200 million. This proposed acquisition price marks a significant reduction from Lacework's last reported valuation of $8.3 billion in 2021. Lacework, a cloud security startup, had previously raised $1.8 billion in funding, highlighting the dramatic shift in its market valuation.
Wiz is in talks to buy Lacework for $150-200M; security firm was last valued at $8.3B: https://t.co/6AtJ8EcOjb by TechCrunch #infosec #cybersecurity #technology #news
Wiz is in talks to buy Lacework for $150-200M; security firm was last valued at $8.3B https://t.co/8s3xeWcHr0
M&A SCOOP: Cyber startup Lacework, once valued at $8.3B, in talks to sell itself to privately held Wiz for as little as $150M. Kind of a wild example of M&A to come in the cybersecurity startup world, an area that VCs poured money into in recent years https://t.co/zmJhmOliNu
