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Cybersecurity Deal:
FireEye Buying Mandiant for About $1 Billion
Acquired Computer Security Firm Is Known for Exposing Chinese Hackers
Updated Jan. 2, 2014 7:52 p.m. ET
FireEye Inc. said Thursday it is paying nearly $1 billion to buy closely held Mandiant Corp., a computer security firm known for outing Chinese hackers, in the latest sign that cyberattacks on some companies can mean big money for others.
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Mandiant's Kevin Mandia mulled going public but chose to go with FireEye.
The acquisition underscores generous valuations in the computer security business.
FireEye, a Silicon Valley maker of security software that went public in 2013, has achieved a market valuation of more than $5 billion.
Last summer, Cisco Systems Inc. bought another Washington-area security firm, Sourcefire Inc., for $2.7 billion....
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