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Symantec to Sell Veritas Business for $8 Billion

Discussion in 'SecurityWeek' started by RSS, Aug 11, 2015.

  1. RSS

    RSS New Member Member

    Symantec said on Tuesday that it would sell its Veritas information management business to investment firm The Carlyle Group for roughly $8 billion in cash.

    Under the definitive agreement, Symantec said that it expects to receive roughly $6.3 billion in net cash proceeds, subject to customary post-closing adjustments.

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