Last month, cybersecurity company Mandiant (NASDAQ: MNDT) reached an agreement to be acquired by Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOGL) for $23 per share in a cash transaction. The deal values Mandiant at $5.4 billion. This is a very interesting move by Alphabet because Microsoft (NASDAQ: MSFT) had been rumored to be considering a bid for Mandiant earlier this year.
Let's dig into why Alphabet may have been compelled to acquire Mandiant and how it could further propel growth for the internet giant.
Image source: Getty Images.
For further details see:
Why Alphabet's Acquisition of Mandiant Is a Smart Move