Toward the end of trading Thursday, the Dow traded up 0.11% to 34,638.95 while the NASDAQ fell 0.69% to 13,661.27. The S&P also fell, dropping 0.18% to .
10 Things To Know About The $1.2B FireEye-Mandiant Split
From who will lead FireEye and Mandiant going forward to how FireEye’s products fit into Symphony Technology Group’s fast-growing cybersecurity portfolio and why the separation is expected to reduce channel conflict, here are 10 key things to know. By Michael Novinson June 03, 2021, 10:00 AM EDT
Back To The Future
Private equity firm Symphony Technology Group (STG) agreed Wednesday to buy FireEye’s product business for $1.2 billion, separating it from Mandiant’s solutions and services business. The FireEye name will move over to STG as part of its purchase of the $541 million product business, while the $400 million Mandiant business will continue as a publicly traded company with a new ticker symbol.
FireEye Slides on $1.2 Billion Sale of Products Business
FireEye says the transaction will separate FireEye s network, email and cloud security products from its cyberforensics unit, Mandiant Solutions.
Author:
FireEye (
FEYE) - Get Report stock was lower Thursday after the cybersecurity company said it agreed to sell its products business, including the FireEye name, for $1.2 billion in cash to a group led by Symphony Technology Group. Separately, FireEye said the board had authorized management to buy back as much as $500 million of stock.
Shares of the Milpitas, Calif., company at last check were off 12% to $19.83.
The transaction would separate FireEye s network, email and cloud security products from its cyberforensics unit, Mandiant Solutions.