Wiz’s Possible M&A Trap

Everything seemed to be coming up Wiz over the past few years. The Israeli startup raised at increasingly high valuations from what seemed like every brand-name venture capital firm on the planet. It boasted in a press release that it was the fastest-growing startup ever. And it sat at the intersection of almost every mega-valuable tech trend: artificial intelligence, cloud computing and security.

Now its crowning moment—a potential $23 billion takeover by Alphabet—also presents its biggest ever obstacle. Those valuable tech trends, after all, are what antitrust regulators care about, too. (For our look at the potential winners of the deal, see here).