Mandiant spikes 16% on report Google is in talks to acquire the company


Shares of cybersecurity agency Mandiant closed up 16% Monday after The Information reported Google is in buying the company.

Mandiant, which has a market cap round $5.25 billion, was beforehand beneath the FireEye umbrella earlier than that model was offered. FireEye was credited with serving to Microsoft discover the SolarWinds hack that attacked authorities techniques final yr.

The Information stated Google is in buying Mandiant to enhance its cloud safety in an effort to higher compete in opposition to Microsoft Azure. Bids for the agency have been due at the finish of February, in accordance to the report.

Bloomberg stated in February that Microsoft had additionally been in discussions to acquire Mandiant.

Cybersecurity stocks have, at occasions, been resilient in the present market as most shares see a sell-off amid Russia’s invasion of Ukraine.



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