Startup exit activity has increased recently, with significant mergers, acquisitions, and initial public offerings (IPOs) occurring. Google plans to acquire cloud security company Wiz for $32 billion, potentially the largest acquisition of a private, venture-backed U.S. company. However, the deal faces scrutiny due to potential regulatory concerns, similar to the failed $20 billion acquisition of Figma by Adobe. Alongside this, Klarna filed for an IPO with a target valuation around $15 billion. Hinge Health also filed for an IPO, previously valued at $6.2 billion. Other notable acquisitions include Scopely's $3.5 billion purchase of Niantic's games business and ServiceNow's $2.85 billion acquisition of Moveworks. PepsiCo announced its intention to buy Poppi for $1.95 billion. This surge in acquisitions and IPOs contrasts with earlier slow exit activity, highlighting a significant number of private unicorns still seeking to go public.
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