Google announced today that it will buy cyber security company Mandiant for $ 5.4 billion in cash, due to the strong growth of its business in the cloud computing segment.
Google, which owns Alphabet, has offered a price of $ 23 per share, which is a premium of about 53 percent compared to the price of Mandiant shares before media reports that rival Microsoft is considering buying the cyber company, Reuters reports.
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The acquisition could strengthen Google’s cloud business, which generates more than $ 19 billion a year but also loses billions of dollars a year, and help the company compete in a competition with a stronger competitor, Microsoft, according to the British agency.
Mandiant’s business is focused on responding to cyber incidents and testing cyber security.