FireEye buys firm that tied cyberattacks to China

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Associated Press

Posted on January 2, 2014 at 11:02 PM

Updated Friday, Jan 3 at 12:06 AM

NEW YORK (AP) — FireEye Inc. says it has acquired Mandiant Corp., which linked years of cyberattacks attacks against U.S. companies to a secret Chinese military unit.

The computer-security company said Thursday that the purchase of privately held Mandiant would increase its ability to stop attacks in their early stages.

FireEye, which had a successful initial public offering of stock in September, said it would issue 21.5 million shares and options of its stock, which closed Thursday at $41.13, and pay $106.5 million in cash to former Mandiant security holders. That would value the deal at about $1 billion.

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