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Symantec picks LifeLock in £1.9 billion plan to buy anti-ID fraud firm

  • 21 November 2016
  • 4 replies
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Jasper_The_Rasper
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Company behind Norton bets big on identity-theft protection services.

Tom Mendelsohn - 21/11/2016
 
                                             


 
Symantec, one of the biggest consumer computer security firms in the world, is about to become even bigger with plans to buy LifeLock—an identity-theft protection service.
 
The proposed $2.3 billion (£1.86 billion) deal has been okayed by the boards of directors of both companies, and is expected to close in the first quarter of 2017, pending regulatory approval.
 LifeLock's shareholders will receive $24 (£19.45) per share—a 16 percent premium to its closing price on Friday of $20.75.
 
Symantec, which owns the Norton suite of cybersecurity software, claimed that the deal will make it the world's largest consumer-facing online protection outfit.
 
Full Article

4 replies

R
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That is a bit of concern if Symantec gets its hooks into LifeLock
Jasper_The_Rasper
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Well a quick search for LifeLock does quickly give you results which are not actually all that good, here is 1 link Is your identity safer with LifeLock?
 
It will not turn me away from Webroot and that is a certainty.
R
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Userlevel 7
Good article Jasper makes sense, monitor your own account and use common
sense to protect your identity.
Baldrick
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Userlevel 7
Actually, if they are not careful they will do what they have done every time they have accquired a company, or most of the time at least, and that is add it to their existing products which become bloated.
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