Alphabet Decides to Start Buying Companies With Its $5.4 Billion Mandiant Purchase
$Alphabet-C (GOOG.US)$ $Alphabet-A (GOOGL.US)$
On March 8, Alphabet announced a purchase of $Mandiant (MNDT.US)$ at $23 per share. This involves paying $5.4 billion in cash in a definitive agreement with the company. If Alphabet keeps up with this kind of activity, it is possible that analysts and the market could see this as a catalyst that could push GOOG stock higher.
This is because it might allow the company to boost its cloud computing business as it battles against both $Amazon (AMZN.US)$ and $a $Microsoft (MSFT.US)$ . Mandiant sells internet security products that it can use to enhance its cloud computing offerings to businesses and consumers.
According to Bloomberg, this "small" $5.4 billion acquisition, is still the second-largest in its history. In 2012 it bought Motorola for $12 billion, but that never turned into a major earnings contributor for the company.
On March 8, Alphabet announced a purchase of $Mandiant (MNDT.US)$ at $23 per share. This involves paying $5.4 billion in cash in a definitive agreement with the company. If Alphabet keeps up with this kind of activity, it is possible that analysts and the market could see this as a catalyst that could push GOOG stock higher.
This is because it might allow the company to boost its cloud computing business as it battles against both $Amazon (AMZN.US)$ and $a $Microsoft (MSFT.US)$ . Mandiant sells internet security products that it can use to enhance its cloud computing offerings to businesses and consumers.
According to Bloomberg, this "small" $5.4 billion acquisition, is still the second-largest in its history. In 2012 it bought Motorola for $12 billion, but that never turned into a major earnings contributor for the company.
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