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Symantec Said to Reach Deal to Buy LifeLock for $2.4 Billion


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#1 JohnC_21

JohnC_21

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Posted 20 November 2016 - 10:02 PM

Symantec Corp., one of the world’s largest cybersecurity companies, reached an agreement to acquire LifeLock Inc. for about $2.4 billion, people familiar with the matter said.

The deal may be announced as soon as Monday, said the people, who asked not to be named because the process is private. Tempe, Arizona-based LifeLock was pursued by bidders including private equity firms Permira, TPG and Evergreen Coast Capital, the new buyout arm of hedge fund Elliott Management, the people said.

 

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