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Symantec buys Blue Coat for USD 4.65 bln
2016-06-13 09:10:00| Telecompaper Headlines
(Telecompaper) Symantec has agreed to acquired Blue Coat for USD 4.65 billion in cash, in a deal that has been approved by the board of directors of both companies and which is expected to close in the third quarter. Upon closing, Symantec will be led by Blue Coat CEO Greg Clark, who will also join the Symantec board. On a pro-forma and adjusted basis, the combined company would have reported USD 4.4 billion in revenues for its fiscal full year to end April, with 62 percent coming from enterprise security.
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Category:Telecommunications