What do we know about the terms and the numbers involved? Yes. So we caught wind of it really early. So it's still being sorted out, but it should be between 15 and 20 billion valuation, which would be a premium to the 12 billion that they raised that earlier this year. But less than the 23 billion that they notoriously turned down from Google. But, you know, that's what's being sorted out right now for a tender offer is involved. The names Katie. So it would be led by G squared. And then also Lightspeed and Thrive might be involved in this as well. And then potentially some of the other existing investors. So this is in and of itself particularly curious because as was reported, Google did try to buy Waze and we said, No, thank you, we're okay as an independent company. But the broader environment has been difficult. I feel like the cadence of deals might

be heating up a little bit. That's a part of it. Yeah. I mean, there's still plenty of capital available in Silicon Valley to invest in these things, and they need to put their money to work because the last few years there haven't been a lot of late-stage growth rounds to invest in. And so, you know, all the money is getting poured into either big AI rounds or other hot companies that are doing really well. And so, this is one of those companies, and it feels as though there must be pressure from, well, employees, early investors. This is a liquidity event. Yeah. So, yeah, it would be a tender offer or secondary where existing shareholders could sell some of their shares. We think there also might be a primary around that's still being decided, and so that would mean the company would also be able to add money to its balance sheet.

Wiz In Talks to Sell Shares at $20B Valuation

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