Symantec Will Acquire Controversial Surveillance Firm Blue Coat Systems For $4.65 Billion

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Reader LichtSpektren writes: Symantec will acquire Blue Coat for approximately $4.65 billion in cash, the security firm announced on Monday. The transaction has been approved by the boards of directors of both companies and is expected to close in the third calendar quarter of 2016. Greg Clark, CEO of Blue Coat, will be appointed CEO of Symantec and join the Symantec Board upon closing of the transaction.If Blue Coat name sounds familiar to you, it is because this controversial surveillance firm was recently in the news for getting a powerful encryption certificate by its now-parent company Symantec.

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Source: Slashdot – Symantec Will Acquire Controversial Surveillance Firm Blue Coat Systems For .65 Billion