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  • Matthew Spencer - Tech Journalist

Google's $5.4 billion deal blocked by threat intel giant Mandiant shareholder

Google's acquisition spree could've been a continuous one if the significant bump did not appear which we are about to mention. The giant had eyes on threat intel giant Mandiant upon which they were acting to peruse. But a shareholder complained about the stock swing, blocking the whole $5.4 billion deal.

Digging deep into the proposal; the crucial vote needs multiple bids to be approved by the board throughout meetings. One of the proposals talks about adopting the merger agreement to require an affirmative vote of the majority of the holders of the shares. These shares are common stocks and convertible ones that remain outstanding throughout the current date. The voting will be on a single class or as-converted basis.

The second proposal consists of approving compensations payable to executive officers in connection with the merger. It should also require an affirmative vote of the majority of the shareholders of the common stocks. Preference remains the same with convertible stock that rare present in person or by proxy. The voting process should be on a non-binding and advisory basis.

The third proposal consists of adjourning the special meeting to a later date to solicit additional proxies. Votes will be collected with a merger agreement with common stock shareholders. The voting will also be a single class on an as-converted basis.

The US Securities and Exchange Commission (SEC) is on par with the Mandiant proxy statement. The threat intel giant Mandiant published the announcement [PDF] on 31 March to disclose further information regarding the acquisition and shareholder roles in the matter.

Mandiant purchase falls under Google's cybersecurity acquisitions, one of the company's most significant purchases. But the foremost one remains its $12.5 billion purchase of the Motorola phone division in 2011. Mandiant will serve alongside the Google Cloud Platform for improving stability and security essentials.

Google Cloud's biggest rival remains Microsoft Azure which is integrated with top tier security. Microsoft uses its business suite software to direct clients in the ecosystem. It may seem like typical business tactics, which it is. Still, it primarily benefits the customers as they can use the same subscription for broader services. Google's acquisition gave it the power to secure its native cloud system and expand quickly. Mandiant has a vast database that can easily compete with the largest data holders.

A recent statement from Mandiant confirmed its overlap with FIN7 targeted ransomware operating involving threat groups. Popular ransomware names appeared, such as ALPHV, REVIL, DARKSIDE, and BLACK MATTER. Ransomware is getting a major boost and quite frequently businesses with substantial customer bases are getting affected. Google is a service provider that has to contain the best tactics to keep its fame and name alive.

Since 2013, Goldman Sachs has made the information publicly available relating to the security and infrastructure software transactions in the high growth IT services industry. Following this many companies came under the shade of proper cyber security protection. With government bodies clearing up rules and regulations to properly maintain customer data, it benefits with essential features to keep most cyber threats away.

AWS still remains the biggest name in the cloud, and most cloud providers are fighting for the second position. It's not easy to unseat Microsoft from the second position. Still, Google has vast resources and many infrastructures to keep the competition on the run. Mandiant deal is a big win for Google, according to researchers and threat analyzers. Courts and regulations are intervening in the matter and could slow down the facilities discussed through Google's meetings.

Nevertheless, no immediate response was given on behalf of Google or Mandiant. Specific information will take time to unveil. At Tech News Hub, we are eager to share what's in store for the next generation of Google Cloud security.


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