As its cloud business grows, Alphabet Inc’s Google announced on 8th March, 2022 that it will buy cybersecurity firm Mandiant Inc for $5.4 billion in cash. Google’s offer of $23 per share represents a 53 percent premium to Mandiant’s stock price before a report that Microsoft Corp was considering a buyout. The article is about Google To Buy Cybersecurity Company.
An acquisition may help Google compete with bigger rival Microsoft Corp. by bolstering its cloud computing division, which earns more than $19 billion in yearly revenue but has been losing billions of dollars. However, Mandiant is a cybersecurity firm that specializes in cyber-incident response and testing.
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