Mandiant joins Google in a deal worth $5.4 billion.
Google has boosted its cloud security with the acquisition of cyber defense and response company Mandiant. The deal was confirmed by both parties and valued at approximately $5.4 billion, inclusive of the latter’s net cash, making it Google’s biggest security purchase ever. The deal, which is expected to be closed “later this year”, will be done in all-cash, at $23.00 per share. That represents a 57% premium to the undisturbed 10-day trailing volume weighted average price as of February 7, 2022, the last full trading day prior to published market speculation regarding the potential acquisition. Mandiant, which was founded back in 2004, was previously part of the FireEye brand, regaining its “independence” last year, when FireEye was sold to a consortium lead by the Symphony Technology Group.
