Symantec near $13bn deal to buy Veritas
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Symantec is close to sealing a deal worth about $13bn to acquire Veritas in one of the largest ever mergers between two software companies.
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Computer security giant Symantec Corp. has agreed to buy the storage and backup program maker Veritas Software Corp. for about $13.5 billion in stock in a deal that would create a massive software company that provides a wide range of programs to secure and protect networks and computers.
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Updated from 12:51 pm ESTWithin hours of the announcement that antivirus maker Symantec (SYMC:Nasdaq) and software storage vendor Veritas (VRTS:Nasdaq) would merge, skeptical investors shaved about a billion dollars off the value of the all-stock deal.
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Anti-virus protection is so last century Symantec's integration with Veritas in the UK has run into computer problems, leaving many Symantec customers unable to renew their corporate anti-virus licenses and large numbers of computers unprotected.â¦
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Norton Antivirus software maker Symantec merges with Veritas Software in an all-shares deal valued at more than $13bn.
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According to a report in the New York Times this morning, Symantec Corp. (Nasdaq: SYMC - message board) is on the verge of completing negotiations to purchase Veritas.
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Symantec Corp has paid a $30m penalty to the US Securities and Exchange Commission to settle a charge relating to a dodgy deal between America Online and Veritas Software, which it acquired in 2005.
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THE DEAL: Symantec Corp., best known for its Norton-branded software that fights computer viruses, is heading in a new direction with a $13.5 billion acquisition of data storage and backup specialist Veritas Software Corp.
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Security company Symantec's acquisition of Veritas SoftwareÂ has the potential to benefit customers and shareholders of both companies, but details of the $13.5 billion deal leave some important questions unanswered, according to interviews with executives and industry experts.
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NEW YORK/SAN FRANCISCO  - Symantec Corp. SYMC.O,  the top global security software maker, on Thursday said it  will buy data management software company Veritas Software  Corp. VRTS.O for $13.5 billion, expanding into the data  storage and recovery business.
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The $830 million deal aims to bolster Symantec's end-point offerings for mobile devices, laptops, desktops and servers.
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Security software company SymantecÂ is negotiating to buy storage software vendor Veritas SoftwareÂ for more than $13 billion, according to a report published Tuesday by The New York Times.
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Symantec, which produces the Norton line of computer products, is in talks to acquire Veritas Software, a maker of data backup programs.
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Veritas Software Corp. (VRTS.O: Quote, Profile, Research) , the largest independent US storage software provider, will buy e-mail backup company KVault Software Ltd.
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Computer security giant Symantec Corp. is buying storage and backup program maker Veritas Software Corp. to create the world&#39;s fourth largest software company.
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Symantec Corp., security software company famous for its Norton anti-virus software, has signed an agreement to buy Veritas Software Corp.
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Symantec Corp. SYMC.O, a maker of  security software, on Thursday said it would buy storage  software maker Veritas Software Corp. VRTS.O for $13.5  billion, creating the world's fourth-largest software company.