archive$4.651 billion in cash

The much-hyped Microsoft-LinkedIn acquisition on Monday evening overshadowed another very important acquisition in tech history which also took place around the same time. Symantec and Blue Coat, announced that they have entered into a definitive agreement under which Symantec will acquire Blue Coat for approximately $4.651 billion in cash from Bain Capital, in the struggling antivirus company’s largest deal for more than a decade. The transaction has been approved by the Boards of Directors of both companies and is expected to close in the third calendar quarter of 2016. “This...

Symantec and Blue Coat, announced that they have entered into a definitive agreement under which Symantec will acquire Blue Coat for approximately $4.651 billion in cash. The transaction has been approved by the Boards of Directors of both companies and is expected to close in the third calendar quarter of 2016. Greg Clark, Chief Executive Officer of Blue Coat, will be appointed Chief Executive Officer of Symantec and join the Symantec Board upon closing of the transaction. Read Also:Symantec Partners With Hosting Providers For Encryption Everywhere Blue Coat is the...