The acquisition, announced on March 8, is Google’s second-largest acquisition ever. At present, in the field of cloud computing, Google is struggling to catch up with the more dominant Amazon and Microsoft, and the network security products obtained by this acquisition will make up for Google’s cloud computing services.
On Friday, a shareholder named Shiva Stein filed a complaint in a federal district court in Manhattan, New York. Siteng noted that Mandiant filed documents with the Securities and Exchange Commission about the merger, which were also sent to shareholders, in an effort to persuade them to support the deal.
But Mandiant did not provide those numbers to shareholders. In addition, some of the financial measures provided by Mandiant are not in accordance with US GAAP and have not been consolidated with other more comparable financial measures. The plaintiffs are asking the court to block Google’s acquisition of Mandiant or to make the company public information that should be disclosed.
Mandiant has not commented publicly on the lawsuit.
In the eyes of the media, this acquisition is quite unusual for Google. Over the past few years, Google has come under intense antitrust regulatory pressure in the U.S. and Europe, but the deal marks a return to routine mergers and acquisitions.
In the cloud computing market, Google only ranks third, which is quite embarrassing. Through this acquisition, Google will significantly increase the number of software tools available as cloud services to protect customer security.
The so-called cloud computing is when professional manufacturers provide computing processing, network storage, application software, database, and other services through the Internet, and customers avoid the trouble of building their own computer rooms or application systems.