Google agreed to purchase cybersecurity firm Mandiant.
Photograph:
Jeff Chiu/Related Press
Alphabet Inc.’s
GOOG -4.28%
Google LLC unit on Tuesday stated it agreed to purchase cybersecurity firm
Mandiant Inc.
MNDT 16.05%
for $23 a share in an all-cash deal valued at about $5.4 billion, together with Mandiant’s web money.
The acquisition worth represents a 2.3% premium to Monday’s closing worth of $22.49 for Mandiant however is almost 53% above the Reston, Va., firm’s closing worth of $15.06 on Feb. 7, earlier than revealed stories emerged that
Microsoft Corp.
MSFT -3.78%
was circling Mandiant. Google stated the acquisition of Mandiant, slated to shut later this 12 months, would complement the safety strengths of its Google Cloud enterprise.
Shares of Mandiant slipped 3.2% in premarket buying and selling to $21.78.
(Extra to come back)
Write to Colin Kellaher at colin.kellaher@wsj.com
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