The ACCC will not oppose the proposed acquisition of Mandiant, Inc. by Google LLC.
Mandiant supplies cybersecurity consulting services, specialising in incident response, and other cybersecurity products.
- Get our view on the top ASX shares
Google supplies software and internet-based products, including Google Cloud and some cybersecurity products.
“Our investigation concluded that Google and Mandiant are not competitors in the supply of cybersecurity products and that this acquisition was not likely to substantially lessen competition,” ACCC Chair Gina Cass-Gottlieb said.
Our investigation found that there are a number of alternative suppliers of cybersecurity and cloud platform products.
Top Australian Brokers
- City Index - Aussie shares from $5 - Read our review
- Pepperstone - Trading education - Read our review
- IC Markets - Experienced and highly regulated - Read our review
- eToro - Social and copy trading platform - Read our review
“We found the acquisition was unlikely to give Google the incentive and ability to foreclose competitors in cloud platform or cybersecurity services due to the existence of alternative suppliers,”
In reaching this view the ACCC consulted with customers and competitors of Google and Mandiant.
More information is available on the ACCC’s website.
