Symantec agrees to buy LifeLock for $2.3 billion in cash: media

November 20, 2016 9:06 PM EST

The Symantec booth is seen during the 2016 Black Hat cyber-security conference in Las Vegas, Nevada, U.S. August 3, 2016. REUTERS/David Becker


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(Reuters) - Computer security software manufacturer Symantec Corp. (NASDAQ: SYMC) will acquire LifeLock Inc. (NYSE: LOCK) for $2.3 billion in cash, according to a tweet from CNBC, citing Dow Jones.

The Wall Street Journal also reported the deal for $2.3 billion, a 16 percent premium on LifeLock's Friday closing share price, citing a person familiar with the matter.

(Reporting by Dion Rabouin; Editing by Sandra Maler)



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