mandiant: Google in talks to buy cybersecurity firm Mandiant

Alphabet Inc.’s Google is in talks to buy cybersecurity firm Mandient, The Information reported Monday, citing a person with knowledge of the discussions.

Shares of Mandiant closed up 16% on the Nasdaq following the news.

The company, which has a market capitalization of approximately $4.53 billion, focuses on cyber-incident response and cybersecurity testing.

The report said a deal could bolster Google’s cloud computing business, which generates more than $19 billion a year but is losing billions of dollars a year, and has been replaced by larger rival Microsoft Corp. This helps it compete with the company, which is reportedly interested in buying Mandiant, the report said.

Mandiant became a standalone entity again last year when FireEye Inc., which acquired the company in 2013, sold its product business and FireEye name for $1.2 billion to a consortium led by private-equity firm Symphony Technology Group.

Google and Mandient did not immediately respond to Reuters requests for comment.

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