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Symantec to buy LifeLock for US$2.3b to boost cyber-identity protection

Wednesday, November 23, 2016 - 05:50

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Symantec CEO Greg Clark says that the combination of Norton and LifeLock marks a transformation from malware protection to the broader category of digital safety for consumers.

New York

SYMANTEC Corp, one of the world's largest cybersecurity companies, agreed to buy LifeLock Inc for about US$2.3 billion, including debt, to expand in services for identity protection.

The offer for LifeLock values its shares at US$24 apiece, according to a Business Wire

sentifi.com

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