Deal snapshot: DIGICERT TO ACQUIRE WEBSITE SECURITY /PKI SOLUTIONS OF CYBERSECURITY FIRM SYMANTEC.
MANews-(C)2009-2017
Utah, US-based SSL-certification authority DigiCert Inc. has agreed to acquire the website security and related PKI solutions of California, US-based cyber security company Symantec Corp. (NASDAQ: SYMC) in a cash and equity transaction, the company said.
Under the terms of the agreement, Symantec will receive approximately USD 950m in upfront cash proceeds and approximately a 30% stake in the common stock equity of the DigiCert business at the closing of the transaction. The addition of Symantec's website security solutions to DigiCert's offerings will provide customers with an enhanced technology platform, customer support and innovations.
Country: USA
Sector: Computer...
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