Cyber security is one of the key areas and a possible solution to the unending cyber crime that is wreaking great havoc to individuals, small businesses, institutions and corporations globally. Symantec Corp is one of the World’s largest Cybersecurity Companies. The company is to purchase an identity theft protection company known as Norton coupon.
The company also owns Blue Coat Ink, which helps in maintaining security in firms. Symantec has agreed to pay about $2.3 billion for the identity theft protection services in cash, following an announcement by both Symantec and Norton Inc. The deal values Norton’s shares at $24 per piece according to the business wire statement. The offer is above the closing price on Friday by 16%. Norton coupon was pursued by other bidders such as TPG, Evergreen Coast Capital, Permira and Elliott.
The combination of Symantec and Norton will ensure the delivery of comprehensive cyber protection to all of its consumers worldwide. The buying of Norton comes in line with Symantec efforts to diversify its service offerings. According to a statement from Greg Clark (CEO) of Symantec, the cyber defence will cover not only malware protection but a wider range of digital security for their customers. Symantec provides a wide variety of Norton coupons to consumers as well as small scale businesses. Besides, it also offers credit monitoring as well as alerts according to the company’s website. The co-leading financial adviser to the Symantec board includes JPMorgan Chase & Co and the Citigroup Inc.
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