21.11.2016 00:54:05

Symantec Reportedly Reaches Deal To Acquire LifeLock For About $2.4 Bln

(RTTNews) - Symantec Corp. (SYMC) entered into an agreement to acquire LifeLock Inc. for about $2.4 billion, according to reports citing people familiar with the matter.

The deal may be announced as soon as Monday. Tempe, Arizona-based LifeLock was pursued by bidders including private equity firms Permira, TPG and Evergreen Coast Capital, the new buyout arm of hedge fund Elliott Management, the reports said.

LifeLock provides a range of identity-theft protection services for consumers and small businesses, including credit monitoring and alerts.

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