Symantec to buy LifeLock for $2.4 billion: reports

Cybersecurity giant Symantec Corp. is reportedly close to a $2.4 billion acquisition of LifeLock Inc. [s:lock] Bloomberg news reported Sunday night that the deal could be announced Monday, following the result of a bidding war. LifeLock had reportedly been pursuing buyers for months. LifeLock shares are up more than 44% year to date; Symantec is up about 13% in 2016. Earlier this year, Symantec bolstered its holdings with the $4.65 billion acquisition of cybersecurity firm Blue Coat Inc.

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