Antivirus maker Symantec Corp (SYMC.O) said it would sell its data storage business, Veritas, for $8 billion in cash to a group that includes Carlyle Group LP (CG.O) and Singapore’s sovereign wealth fund GIC.

Symantec said on Tuesday it expected about $6.3 billion in net cash proceeds after the sale closes.

(Reporting by Lehar Maan in Bengaluru; Editing by Kirti Pandey)

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at

Related Posts

Facebook Comments

Return to Top ▲Return to Top ▲