Google to buy cybersecurity firm Mandiant for $5.4 billion


(Reuters) – Alphabet Inc’s Google mentioned on Tuesday it might buy cybersecurity firm Mandiant Inc for $5.4 billion in money as its cloud enterprise skyrockets.

Google’s supply of $23 per share is at a premium of about 53% to Mandiant’s inventory value earlier than a report that mentioned Microsoft Corp was eyeing a deal to buy the corporate.

A deal may bolster Google’s cloud computing enterprise, which generates greater than $19 billion yearly however has been dropping billions of {dollars} a 12 months, and assist it compete with larger rival Microsoft Corp.

Mandiant focuses on cyber-incident response and cybersecurity testing.

(Reporting by Eva Mathews in Bengaluru; Editing by Vinay Dwivedi)

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