Google to buy cybersecurity firm Mandiant for $5.4 billion

Stocks

Google’s offer of $ 23 per share is at a premium of about 53 percent to Mandiant’s stock price before a report that said Microsoft Corp was eyeing a deal to buy the company.

Reuters

March 08, 2022 / 06:15 PM IST

Alphabet Inc’s Google said on Tuesday it would buy cybersecurity firm Mandiant Inc for $ 5.4 billion in cash as its cloud business skyrockets.

Google’s offer of $ 23 per share is at a premium of about 53┬ápercent to Mandiant’s stock price before a report that said Microsoft Corp was eyeing a deal to buy the company.

A deal could bolster Google’s cloud computing business, which generates more than $ 19 billion annually but has been losing billions of dollars a year, and help it compete with bigger rival Microsoft Corp.

Mandiant focuses on cyber-incident response and cybersecurity testing.

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