FILE PHOTO: The Google app logo is seen on a smartphone in this picture illustration taken September 15, 2017. REUTERS/Dado Ruvic/Illustration
March 8, 2022
(Reuters) -Alphabet Inc’s Google is buying cybersecurity firm Mandiant Inc for $5.4 billion, adding heft as rivals Microsoft and Amazon also look to beef up security for their fast-growing cloud units.
The deal will enhance Google’s cloud computing business, which generates more than $19 billion annually, and bolster its security operations and advisory services, the company said on Tuesday.
The Information reported the news first on Monday.
Microsoft Corp was also said to be eyeing a buyout of Mandiant, according to news reports. The software giant had previously forecast spending $20 billion spend on cybersecurity over the next five years.
Google’s offer of $23 per share represents a premium of about 53% to…
