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Dive Brief:
- The Google deal to acquire cybersecurity firm Mandiant cleared a key hurdle last week after the Department of Justice granted early termination of the waiting period under the Hart-Scott-Rodino Act, according to a filing with the Securities and Exchange Commission Monday.
- Mandiant entered an agreement in March to be acquired by Google, in a deal valued at $5.4 billion, or $23 a share. Mandiant and Google submitted required documents to the DOJ and Federal Trade Commission, however the DOJ in late April requested each company submit additional documents.
- The deal still has additional regulatory requirements, including approvals by certain foreign entities and other closing conditions. Mandiant and Google still expect the deal to close by the end of 2022, according to the filing.
Dive Insight:
The acquisition of Mandiant would mark the latest cybersecurity deal for Google.
Google announced a deal in early January to buy Siemplify, a provider of security orchestration, automation and response (SOAR) technology.
Google entered talks to buy Mandiant after Microsoft ended negotiations to buy the cybersecurity firm, which had been looking for a new partner after it sold off its FireEye products business in a $1.2 billion deal with Symphony Technology Group in 2021.
Google plans to integrate Mandiant into its Google Cloud business.
