Symantec buys LifeLock for USD 2.3 bln

(Telecompaper) Symantec is to acquire LifeLock for USD 2.3 billion, or USD 24 per share. The deal is expected to create the world's largest digital safety platform for consumers and families, with a combined annual revenues estimated at USD 2.3 billion, Symantec said. The transaction, approved by the boards of directors of both companies is expected to close in the first quarter of next year, subject to customary closing conditions including LifeLock stockholder approval. Symantec CEO Greg Clark