Symantec Will Buy Veritas for $13.5 Billion in Stock
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Symantec Corp., the world&#39;s largest maker of anti-virus programs for computers, agreed to buy Veritas Software Corp. for $13.5 billion, the biggest software purchase in six years.
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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.
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Within hours of the announcement that antivirus maker Symantec (SYMC:Nasdaq - news - research) and software storage vendor Veritas (VRTS:Nasdaq - news - research) would merge, skeptical investors shaved about a billion dollars off the value of the all
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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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Looking for a cloud in Symantec&#39;s latest silver lining, competitors are hoping the company&#39;s acquisition of storage software maker Veritas will be a stumbling block for the security firm.
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The $13.5 billion merger of Symantec and Veritas Software, officially unveiled Thursday, stands to create the world&#39;s fourth-largest software company.
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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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French oil and gas field surveyor Geophysique will buy U.S. rival Veritas for $3.1 billion in cash and stock, both companies announced Tuesday, establishing a major new global player in the booming oil exploration industry.
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Symantec Corp., the top global security software maker, on Thursday said it will buy data management software company Veritas Software Corp.
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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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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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Security software company Symantec is negotiating to buy storage software vendor Veritas Software for more than $13 billion, according to a report published Tuesday by The New York Times.
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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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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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Computer security giant Symantec Corp. is buying storage and backup program maker Veritas Software Corp. in a &#36;13.5 billion deal that will create the world'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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Private equity firm Veritas said  on Sunday it agreed to acquired DynCorp International LLC,  which provides aviation maintenance, personal security and  training for law enforcement agencies and the U.S. government,  for $850 million.