Symantec Consumer Security Business: For Sale?
The Symantec consumer business essentially spans Norton and Lifelock offerings. The potential deal is not to be confused with Symantec’s enterprise business, which Broadcom is acquiring for $$10.7 billion.
Permira and Advent International recently approached Symantec proposing a takeover deal valuing Symantec’s consumer business at at $26 to $27 a share, The Journal reports. Symantec, Permira and Advent did not immediately respond to requests for comment from Reuters and The Journal, the reports said.