This morning, Google announced its plans to acquire the cybersecurity firm Mandiant to strengthen its cloud computing department and provide enhanced security options for users.
Google is set to purchase all outstanding stock of Mandiant at $23 per share, amounting to approximately $5.4 billion. Pending regulatory approval, this acquisition will be the second-largest in Google’s history, following its $12.5 billion acquisition of Motorola Mobility in 2012.
Thomas Kurian, CEO of Google Cloud, highlighted the increasing cybersecurity challenges faced by organizations globally and the importance of fortifying security measures. He stated, “We look forward to welcoming Mandiant to Google Cloud to enhance our security operations suite and advisory services, assisting customers in addressing critical security issues.”
Google to buy cybersecurity firm Mandiant for $23 per share in a $5.4 billion all-cash deal https://t.co/xbfbPOHYOU
— The Wall Street Journal (@WSJ) March 8, 2022
Industry analysts view Google’s move as strategic, given the rising concerns around cybersecurity. Google’s systems are now integral to public infrastructure, making them potential targets for cyber attacks that could have broad-reaching consequences.
Wedbush analyst Dan Ives stated in a note to investors, “With cyber attacks on the rise and cyber warfare becoming more prevalent, Google’s acquisition of Mandiant strengthens its cybersecurity posture at a critical juncture, setting it apart from industry giants like Microsoft and Amazon in the cloud competition.”
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