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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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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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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Security software vendor Symantec (Nasdaq: SYMC) is negotiating to buy Veritas Software (Nasdaq: VRTS), a provider of data storage software, for more than US&#36;13 billion, according to press reports.
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Norton Antivirus software maker Symantec merges with Veritas Software in a $13bn deal.
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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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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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Computer Sciences Corp. late Sunday said it has agreed to sell DynCorp International and related assets to private equity firm Veritas Capital for $850 million.
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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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Veritas Software Corp. , the leading storage software provider, said on Tuesday it agreed to acquire email backup company KVault Software Ltd.
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According to a report in the New York Times this morning, Symantec Corp. (Nasdaq: SYMC - message board) is on the verge of completing negotiations to purchase Veritas.
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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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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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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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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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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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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.