Beefing up security, Google buys Mandiant for $5.4 billion - British Herald
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Beefing up security, Google buys Mandiant for $5.4 billion

SILVER SPRING, Md. — Google is fortifying its cloud services with a $5.4 billion acquisition of the cyber security firm Mandiant, the companies announced Tuesday.

“In a massive growth backdrop for cyber security and further tailwinds seen during this Ukraine invasion from Russia bad actors/nation state attacks, we believe today’s deal is the tip of the iceberg to a massive phase of consolidation potentially ahead for the cloud space,” Wedbush analyst Dan Ives wrote Tuesday.

Google, a subsidiary of Mountain View, California-based Alphabet Inc., will pay $23 per Mandiant share in all-cash deal expected to close this year. The price represents a 57% premium on Mandiant’s share price in early February, when speculation about a deal between the companies first surfaced.

Mandiant, based in Reston, Virginia, and its 5,300 employees will join Google Cloud as soon as the transaction closes.

(Subcribe to BritishHerald : Samia Suluhu Hassan | Mama Samia- Madam President | British Herald Magazine Jan-Feb 2022)

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