Is Symantec (SYMC, $24.52) up for sale in $16 billion deal?
Cybersecurity company Symantec could be acquired in a deal valued at more than $16 billion.
Citing people familiar with the offer, the Wall Street Journal reported that private equity firms Permira and Advent International have offered $26 to $27 a share to buy Symantec.
The proposed deal involving the PE firms would happen along with the sale of Symantec’s enterprise business to Broadcom for $10.7 billion, according to the Journal.
Under one possibility, Symantec would sell its consumer business to the PE firms after the deal with Broadcom closes; an alternative possibility has Permira and Advent acquiring the whole company and then selling off the enterprise unit to Broadcom, ( as indicated by the Journal).
Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
Advertisement
General Information
a software devloper that provides security, storage and systems management solutions
Industry PackagedSoftware
Advertisement