Russia Penalized Google For $358 Million Citing Content Violations

Google on Tuesday confirmed it’s interest in buying Mandiant, a cybersecurity company for a whopping $5.4 billion in an all-cash deal.

This comes after Microsoft dumped talks to buy Mandiant last week, which took down the shares of Mandiant after a sharp rise. After the acquisition, Google said Mandiant will be a part of it’s Cloud business to aid their online security.

Google’s Second Largest Acquisition Ever

Mandiant, the cybersecurity company that was started two decades ago by a former U.S. Air Force officer, Kevin Mandia, is now hitting a jackpot from Google. As per reports, Google confirmed it’s buying Mandiant at $23 a share, amounting to $5.4 billion in an all-cash deal. 

Google is Buying Mandiant to Aid its Cloud Customers

Since it’s inception, Mandiant has grown to be one of the best cybersecurity firms offering quick and reliable incident response services, thereby luring a lot of clients from ransomware victims and other types of cyberattacks. Now, joining Google, it will be added to the Google Cloud vertical for aiding it’s clients’ online businesses.

Mandiant was initially acquired by FireEye Inc. in 2013 and was sold last year to a consortium led by Symphony Technology Group, for $1.2 billion. And last week, Microsoft showed interest in buying Mandiant but dropped talks after finding it not a good enough strategic fit, according to a person familiar with the matter.

Anyway, this led the shares of Mandiant to spike at over 10%, and fall apart after Microsoft dumped the deal. Now, Google’s confirmation triggered the price to shoot again on Monday trading hours, by 6%, putting the company at a market value of over $5.6 billion.

Though Google confirmed buying Mandiant, the deal is yet to be signed by the concerned regulators. And we expect this to span for a few months, considering the time taken by US regulators in approving the Fitbit deal of 14 months.

And if approved, this will be the second-largest acquisition Google made in it’s history, with Motorola’s being the first one in 2012 for $12.5 billion.

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