The Traderszone Network

Published in TZ Latest News 11 August, 2015 by The TZ Newswire Staff

Symantec to sell Veritas for $8 billion to focus on security software

The deal, the biggest U.S. leveraged buyout this year, will give Symantec much-needed funds to compete in the cyber security market with companies such as Microsoft Corp, Intel Corp and Kaspersky Labs. Shares of Symantec, which also reported weak quarterly results on Tuesday, fell as much as 6 percent.