Thursday, May 20, 2010

Symantec to buy VeriSign's security business

Symantec said Wednesday that it will buy VeriSign's security business and a majority stake in VeriSign Japan for about $1.28 billion in cash.

Under the agreement, Symantec will acquire VeriSign's identity and authentication business, including the Secure Sockets Layer (SSL) certificate, Public Key Infrastructure (PKI), and VeriSign Trust and VeriSign Identity Protection Authentication services.

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