Symantec will buy Veritas for $13.5B
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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 Corp. (SYMC.O: Quote, Profile, Research) , the top global security software maker, on Thursday said it will buy Veritas Software Corp.
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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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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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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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Computer security giant Symantec said Thursday it will buy storage program maker Veritas Software for US$13.5 billion in one of the world&#39;s largest software company mergers.
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DECEMBER 16, 2004 (IDG NEWS SERVICE) - Security company Symantec Corp.&#39;s acquisition of Veritas Software Corp. could benefit customers and shareholders of both companies, but details of the $13.5 billion deal
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SAN JOSE, Calif. - Symantec Corp.&#39;s reported interest in acquiring Veritas Software Corp. for more than $13 billion would represent the computer security giant&#39;s biggest step yet beyond its core businesses
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NEW YORK/SAN FRANCISCO  - 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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Global security software maker Symantec is to take over Veritas Software in a merger deal valued at $13.5bn (Â£7bn). The all-share deal will see Symantec swap 1.1242 shares of common stock for each Veritas share.
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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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Symantec's reported interest in purchasing Veritas for $13 billion is in keeping with the company's expansion plans, analysts say.
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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 and Veritas Software are trying to persuade investors that their proposed $13.5 billion deal, the largest in the software industry, makes sense.
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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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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.