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 percent 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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