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Symantec's $2.3B purchase of LifeLock aims to revive consumer business

Nov 21, 2016 - The Deal Pipeline

The $2.3 billion purchase of identity protection company LifeLock Inc. (LOCK) should kick start growth in Symantec Corp.'s (SYMC) lagging consumer security business, CEO Greg Clark told investors in a Monday call.

Few targets in the consumer cyber security market could have moved the needle for Symantec, which has a $15 billion market cap and about $4 billion in projected annual revenues. The purchase comes just months after Symantec closed the $4.7 billion purchase of Blue Coat Systems In...