Symantec acquisition to create new software giant
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The Symantec Corp, a leader in security software and one of Silicon Valley&#39;s oldest companies, announced early Thursday that it would acquire Veritas Software, a maker of data storage programs, to create the world&#39;s fourth-largest software company.
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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.
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Veritas Software Corp. shares rose as much as 13 percent after the New York Times said Symantec Corp. is in talks to buy the company for more than $13 billion, in what would be the second-biggest deal ever in the software industry.
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Symantec Corp. on Thursday announced that is acquiring @stake Inc., perhaps the most well-known security consulting firm in the industry, for an undisclosed sum.
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Deal will combine Symantec&#39;s security products with Veritas&#39; storage software, resulting in reach from PCs to data centers.
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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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Symantec&#39;s planned acquisition of Veritas Software is already changing the security game, even though the deal remained unconfirmed by either party as of late Wednesday afternoon.
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Symantec&#39;s takeover of Veritas could transform the firm into a &quot;disruptive influence&quot; in the software market, but risks failure if it does not manage to integrate product lines.
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NEW YORK, December 16  - Security software developer Symantec (SYMC.NAS) announced today its decision to acquire storage service provider Veritas Software in a $13.5 billion deal.
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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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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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Computer Associates plans to buy security software firm Netegrity, in a deal valued at $430 million (Â£241m). The acquisition will strengthen the firm&#39;s position in the IT security market and builds on last
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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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Symantec has hired PricewaterhouseCoopers to help it integrate recently-acquired Veritas.
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Symantec Corp. said Thursday it has agreed to buy Veritas Software Corp. for $13.5 billion in the second major Silicon Valley software merger in four days.
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Computer security giant Symantec Corp. is buying storage and backup program maker Veritas Software Corp. in a $13.5 billion deal that will create the world&#39;s fourth largest software company.
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The Symantec Corporation, a leader in security software and one of Silicon Valley&#39;s oldest companies, announced early Thursday that it would acquire Veritas Software