Mandiant spikes 16% on report Google is in talks to amass the corporate

Shares of cybersecurity agency Mandiant closed up 16% Monday after The Info reported Google is fascinated by buying the corporate.

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

The Info stated Google is fascinated by buying Mandiant to spice up its cloud safety in an effort to raised compete in opposition to Microsoft Azure. Bids for the agency had been due on the finish of February, in line with the report.

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

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