Security company Symantec is to acquire Web security provider Blue Coat for US$4.65 billion in cash in a deal that will broaden the portfolio of security technologies the combined company can offer customers as they move to the cloud. The combined company is expected to have $4.4 billion in revenues in fiscal year 2016, of which 62 percent is to come from enterprise security. The deal will also see Greg Clark, CEO of Blue Coat, taking over as CEO and joining the board at the the closing of the transaction.”]
Source: https://www.csoonline.com/article/3083010/symantec-to-acquire-blue-coat-for-465-billion.html