Google has announced that its proposed $5.4 billion bid to buy cybersecurity firm Mandiant is now complete.
The internet giant revealed plans to acquire publicly traded Mandiant back in March, less than a year after Mandiant was spun out of its previous owner FireEye as part of a $1.2 billion deal with private equity firm Symphony Technology Group.
Moving forward, Mandiant will operate under the auspices of Google Cloud, though the Mandiant brand will live on.
“We will retain the Mandiant brand and continue Mandiant’s mission to make every organization secure from cyber threats and confident in their readiness,” Google Cloud CEO Thomas Kurian wrote in a blog post.
Lawyers and Wall Street bankers made money from this deal, and Google executives got to continue their acquisition spree, but that’s about the extent of who’s coming out ahead from this transaction.