The acquisition is the first of many that analysts foresee in the cyber security sector following Russia’s invasion of Ukraine.
FILE - A Google sign on the is shown on the company campus in Mountain View, Calif., on Sept. 24, 2019. Google is fortifying its cloud services with a $5.4 billion acquisition of cyber security firm Mandiant, the companies announced Tuesday, March 8, 2022. – Google is fortifying its cloud services with a $5.4 billion acquisition of the cyber security firm Mandiant, the companies announced 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.
Even before the war, stock analysts have been predicting growth of as much as 20% in the cyber security sector.
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