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Symantec Offers $2.3B for Consumer Security Firm LifeLock
Further trying to diversify beyond the PC market, security specialist Symantec today announced a deal to acquire LifeLock, a company that provides online identity protection for consumers.Symantec's $24-per-share offer amounts to a $2.3 billion enterprise value (that is, valuation not including cash and debt) for LifeLock.Symantec plans to pay for the deal using cash and $750 million in new debt.
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Symantec Confirms Buying ID Protector LifeLock for $2.3B
Keep Me Signed In What does "Remember Me" do?Keep Me Signed In What does "Remember Me" do?You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer.
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Symantec will acquire identity protection firm LifeLock in US$2.3B deal
Aiming to boost its consumer security business, Symantec is acquiring LifeLock, a vendor of identity protection services, for US$2.3 billion in enterprise value.The deal will create what the two companies described as the world's largest consumer security business with over $2.3 billion in annual revenue based on last fiscal year revenue for both companies.The immediate opportunity for Symantec comes from the large number of consumers worldwide that have been victims of cybercrime, generating as a result greater user concern in digital safety.
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Arizona-based LifeLock agrees to be acquired by Symantec in $2.3B deal
Skip Ad Ad Loading... x Embed x Share Computer security giant Symantec said it will buy the Tempe-based identity protection service LifeLock for $2.3 billion.WochitLifeLock.(Photo: Russ Wiles/The Republic)Computer security giant Symantec said it will buy the Tempe-based identity protection service LifeLock for $2.3 billion.
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