Mandiant Inc. closed Monday on its sale to Google LLC, a subsidiary of West Coast powerhouse Alphabet Inc. (NASDAQ: GOOGL), ending yet another chapter in the 18-year-old Reston cybersecurity company’s history.
The all-cash deal, valued at $23 per share for a total of $5.4 billion, will boost Google’s cybersecurity capacities as it competes with other major cloud players such as Amazon.com Inc. (NASDAQ: AMZN) and Microsoft Corp. (NYSE: MSFT). Mandiant shareholders had OK’d the combination in June, while the Justice Department had signed off on it in July.
Mandiant, whose share price stopped trading Monday on the Nasdaq exchange, will continue to operate as an independent brand. “While we are now part of Google Cloud, Mandiant is not going away,” CEO Kevin Mandia wrote Monday in a company blog post. “In fact, it’s getting stronger.”
Mandia will remain an executive officer and director of Mandiant, along with new directors Will Grannis and Svilen Karaivanov, according to a Securities…
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