Monday, 25 June 2018

Symantec to pay $4.65bn for Blue Coat, gains CEO

By Mary Lennighan, Total Telecom
Monday 13 June 16

Blue Coat CEO Michael Brown will take helm at Symantec once deal closes, likely in Q3.

Symantec on Monday announced that it has agreed to acquire Blue Coat for US$4.65 billion in cash, a deal that will help it to build scale in the enterprise security market. The transaction brings with it another benefit for Symantec. Blue Coat CEO Greg Clark will step up as chief executive of the merged entity, closing a leadership gap for Symantec, whose CEO Michael Brown announced his resignation just over six weeks ago. "With this transaction…

Symantec on Monday announced that it has agreed to acquire Blue Coat for US$4.65 billion in cash, a deal that will help it to build scale in the enterprise security market. The transaction brings with it another benefit for Symantec. Blue Coat CEO Greg Clark will step up as chief executive of the merged entity, closing a leadership gap for Symantec, whose CEO Michael Brown announced his resignation just over six weeks ago. "With this transaction…

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