0
Broadband

Symantec buys LifeLock for USD 2.3 bln

Monday 21 November 2016 | 08:55 CET | News
Symantec is to acquire LifeLock for USD 2.3 billion, or USD 24 per share. The deal is expected to create the world's largest digital safety platform for consumers and families, with a combined annual revenues estimated at USD 2.3 billion, Symantec said. The transaction, approved by the boards of directors of both companies is expected to close in the first quarter of next year, subject to customary closing conditions including LifeLock stockholder approval. Symantec CEO Greg Clark noted the purchase will bring together Norton and LifeLock and mark the ransformation of the consumer security

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Internet
Companies: Symantec
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Norton LifeLock launches consumer cyber safety ad campaign

Published 24 Sep 2019 16:14 CET | United States
Symantec's consumer brand Norton LifeLock launched a new ad campaign featuring Norton LifeLock members, including TV actor Angie ...

Norton 360 Deluxe launches in Microsoft Store

Published 18 Jun 2019 11:08 CET | World
Norton LifeLock, Symantec's consumer cyber safety brand, announced that Norton 360 Deluxe is now available for download in the ...

Norton LifeLock creates new cyber-security app

Published 28 Jan 2019 15:49 CET | World
Symantec's Norton LifeLock brand introduced Norton Privacy Manager, a new cyber-security app that helps consumers take control of ...

Symantec revenues advance 28% in Q4

Published 11 May 2017 16:13 CET | World
Symantec revenues for its fiscal fourth to end March rose 28 percent from the year before to USD 1.115 billion, besting ...

Symantec prices USD 1.1 bln offering

Published 08 Feb 2017 09:28 CET | World
Symantec Corporation has priced an offering of USD 1.1 billion which it will use to help fund its USD 2.3 billion acquisition of ...

Omzet Symantec omhoog, winst daalt in fiscaal Q3

Published 02 Feb 2017 11:26 CET | World
Symantec heeft over het derde fiscale kwartaal van 2016 een omzet van 1,04 miljard dollar gerealiseerd, een stijging van 14 ...

Symantec lifts revenues 14% in Q3

Published 02 Feb 2017 10:59 CET | World
Symantec's third quarter revenues rose 14 percent from the year before to USD USd 1.041 billion, passing its guidance of USD ...

Norton intros Wi-Fi router for connected homes

Published 03 Jan 2017 17:14 CET | United States
Anti-virus software maker Norton is moving into the hardware business to help promote subscriptions to its services. At CES, the ...

Symantec koopt LifeLock voor 2,3 miljard dollar

Published 21 Nov 2016 09:42 CET | World
Symantec koopt voor een totaalbedrag van 2,3 miljard dollar LifeLock. De prijs komt overeen met 24 dollar per aandeel. Volgens ...

Symantec Q3 results beat guidance

Published 04 Nov 2016 10:58 CET | World
Symantec reported results for its fiscal second quarter ahead of its guidance. Revenues were at the top of the forecast with a 6 ...

Symantec buys Blue Coat for USD 4.65 bln

Published 13 Jun 2016 09:10 CET | World
Symantec has agreed to acquired Blue Coat for USD 4.65 billion in cash, in a deal that has been approved by the board of ...

Symantec to cut 1,200 positions, USD 400 mln in costs

Published 13 May 2016 11:06 CET | World
Symantec has reported results for its fiscal fourth quarter to 1 April, with revenues slipping to USD 873 million from 899 ...

Symantec announces departure of CEO, lower Q4

Published 28 Apr 2016 23:27 CET | World
Symantec has announced the departure of CEO Michael Brown, who will continue to serve as CEO and as a director of the company ...

Symantec welcomes USD 500 mln, board member from Silver Lake

Published 05 Feb 2016 09:25 CET | World
Symantec has received a USD 500 million investment from Silver Lake, with Ken Hao, a managing partner at the private equity firm, ...