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Symantec will acquire identity protection firm LifeLock in $2.3B deal

21
Nov
2016
Symantec will acquire identity protection firm LifeLock in $2.3B deal

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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.

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