Symantec Buys Anti-ID Fraud Firm LifeLock for $2.3 Billion

From ars Technica

Symantec, one of the biggest consumer computer security firms in the world, is about to become even bigger with plans to buy LifeLock — an identity-theft protection service.

The proposed $2.3 billion (£1.86 billion) deal has been okayed by the boards of directors of both companies, and is expected to close in the first quarter of 2017, pending regulatory approval.

LifeLock's shareholders will receive $24 (£19.45) per share — a 16 percent premium to its closing price on Friday of $20.75.

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