Symantec to Buy Veritas for $13.5 Billion
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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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Storage and backup application vendor Veritas Software Corp. said today that it is acquiring e-mail archiving vendor KVault Software Ltd. in a deal expected to wrap up next month.
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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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Veritas, now owned by Symantec, will pay $30 million to the SEC to settle accounting charges.
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COMPUTER security giant Symantec has agreed to acquire storage and backup program specialist Veritas Software in an equity deal valued at around $13.5 billion ($17.8 billion).
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Norton Antivirus software maker Symantec merges with Veritas Software in a $13bn deal.
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French oilfield services group   Compagnie Generale de Geophysique (CGG) and Texas-based Veritas   DGC Inc. said on Tuesday that CGG agreed to buy Veritas in a   cash and stock deal worth about $3.1 billion.
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Merger mania found its way back into the software space today, asvsecurity firm Symantec said it would pay US$13.5 billion to acquire Veritas Software.
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When solution providers look back on Symantec&#39;s acquisition of Veritas Software, they will likely remember it as the moment security and storage officially became joined at the hip.
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Symantec moved a step closer to joining the ranks of the leading broad-based corporate software sellers yesterday as it announced a $12.5bn all-stock agreement to buy storage and data back-up company Veritas.
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InfoWorld - Two years after itsÂ acquisition of enterprise software vendor Veritas, Symantec's consumer division remains the company's fastest-growing product line.
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Symantec Corp. will buy Veritas Software Corp. in an all-stock transaction, the companies announced Thursday. Based on Wednesday&#39;s closing stock prices, the deal values Veritas at around US$13.5 billion, they said.
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Not long after Oracle has bought Peoplesoft, it looks like another big corporate buy out is on the way. Symantec is negotiating to buy storage software vendor Veritas
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Symantec Corp.'s reported interest in acquiring Veritas Software Corp. for more than &#36;13 billion would represent the computer security giant's biggest step yet beyond its core businesses of defending against viruses and thwarting hackers. Investors weren't impressed, though, and Symantec's shares plunged 16 percent.
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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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Oil and gas field surveyor Geophysique will buy U.S. rival Veritas for $3.1 billion in cash and stock, the companies announced Tuesday, establishing a major new global player in the booming oil exploration industry.
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The sudden avalanche of technology deals is gathering momentum. Symantec&#39;s talks with software group Veritas come hot of the heels of IBM&#39;s sale of its PC business to Lenovo and Oracle&#39;s acquisition of PeopleSoft.