Symantec shares slide on news of Veritas buy
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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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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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With aftershocks still fresh from the Oracle-PeopleSoft deal, another buyout has rocked the enterprise market - Symantec&#39;s multi-billion dollar buyout of Veritas.
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Security software maker Symantec Corp. has agreed to buy Veritas Software Corp. for $13.5 billion, expanding into the backup and recovery software market, the companies said on Thursday.
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Symantec, a leader in security software, will acquire Veritas, a maker of data storage programs, to create the world's fourth-largest software company.
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Ending days of speculation, security technology company Symantec Corp. said Thursday, Dec. 16, it will buy Veritas Software Corp., a provider of storage technology, for $13.5 billion in stock.
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Symantec has hired PricewaterhouseCoopers to help it integrate recently-acquired Veritas.
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Norton Antivirus software maker Symantec merges with Veritas Software in a $13bn deal.
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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 in stock, the biggest software purchase in six years.
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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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Computer security giant Symantec has agreed to buy storage and backup program maker Veritas Software to create the world's fourth largest software company. The all-stock acquisition was initially valued at &#36;13.5 billion, but the price quickly plummeted after investors weighed in on the merger.
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Symantec&#39;s acquisition of Veritas has the potential to benefit customers and shareholders of both companies, but details of the deal leave some important questions unanswered, according to executives and industry experts.
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SAN FRANCISCO: Computer security giant Symantec is buying storage and backup program maker Veritas Software in a $13.5 billion deal that will create the world&#39;s fourth largest software company.
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NEW YORK Veritas Software, the largest independent US storage software provider, will buy the e-mail backup company KVault Software for $225 million in cash, Veritas said Tuesday.
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Underscoring the convergence of security and storage software technology, Symantec Corp. and Veritas Software Corp. confirmed rumors when they announced Thursday that Symantec had agreed to acquire Veritas
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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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In a long-rumored move, security software maker Symantec said Thursday that it will buy storage specialist Veritas Software in a deal worth roughly $13.5 billion.