Alphabet's Google to Buy Mandiant in $5.4 Billion Deal
08 March 2022 - 11:11PM
Dow Jones News
By Colin Kellaher
Alphabet Inc.'s Google LLC unit on Tuesday said it agreed to buy
cybersecurity company Mandiant Inc. for $23 a share in an all-cash
deal valued at about $5.4 billion, including Mandiant's net
cash.
The purchase price represents a 2.3% premium to Monday's closing
price of $22.49 for Mandiant but is nearly 53% above the Reston,
Va., company's closing price of $15.06 on Feb. 7, before published
reports emerged that Microsoft Corp. was circling Mandiant.
Google said the acquisition of Mandiant, slated to close later
this year, will complement the security strengths of its Google
Cloud business.
Shares of Mandiant slipped 3.2% in premarket trading to
$21.78.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
March 08, 2022 06:56 ET (11:56 GMT)
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