Tech

ACCC Approves Mandiant Acquisition by Google – Security

The Australian Competition and Consumer Commission (ACCC) Investigation It was part of Google’s $7.8 billion acquisition of security vendor Mandiant.

“Google and Mandiant are not competitors in the supply of cybersecurity products, and we have concluded that the acquisition is unlikely to significantly reduce competition,” said ACCC Chair Gina Cass-Gottlieb.

As a result, the ACCC did not oppose the transaction and moved forward the announcement of its preliminary decision from September 15 to today.

ACCC announced A review of the June 24 Mandiant acquisition.

Comments on whether the proposed acquisition “will affect competition in the market for the supply of ‘cloud services’ for which Google, through its Google Cloud brand, is an active competitor,” are due July 18. was closed to

The ACCC investigation was preceded by the US Department of Justice opening an investigation into the Google-Mandiant deal. announced March 7th.

ACCC said it had solicited the views of its customers and competitors of Google and Mandiant and discovered that there are many alternative suppliers of cybersecurity and cloud platform products.

Cass-Gottlieb said: “We find it unlikely that this acquisition will give Google the incentive and ability to eliminate competitors in the cloud for his platform or cybersecurity services due to the existence of alternative suppliers.

ACCC Approves Mandiant Acquisition by Google – Security

Source link ACCC Approves Mandiant Acquisition by Google – Security

Back to top button