Monday, June 13, 2016

Symantec grabs Blue Coat Systems for $4.65 billion

stacks of hundred dollar bills Symantec announced over night it had purchased Blue Coat Systems for $4.65 billion, and also named Blue Coat CEO Greg Clark to the same role at Symantec. It was a stunning turn of events for Blue Coat, which was sold just last year to Bain Capital for $2.4 billion. By all reports Bain intended to take Blue Coat public this year until they got an offer they couldn’t refuse from… Read More

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