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Blue Coat to sell itself to Symantec, abandoning IPO plans

As part of the US$4.65b deal, Blue Coat's CEO will take over as CEO of the combined security software maker

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Blue Coat said late on Sunday that it would sell itself to Symantec for US$4.65 billion.

San Francisco

BLUE Coat Systems seemed poised to begin life as a public company, after selling itself to a private equity firm last year.

Now, the cyber security software company plans to sell itself to Symantec instead.

Blue Coat said late on Sunday that it would sell

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