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The boards of directors of both companies have already signed off but LifeLock shareholders will have the final say. Assuming they approve and other customary closing conditions are met, the deal should close in the first quarter of next year.
The acquisition marks the continued expansion of Symantec beyond the traditional anti-virus software products that fueled its initial growth. In an interview with Reuters, Symantec CEO Greg Clark said sales of Norton products have faced headwinds in recent years because of a decline in the number of personal computers in homes and offices.
Symantec said its acquisition of LifeLock will combine a leader in consumer security with a leading provider of identity protection and remediation services. It says the result will be the world’s largest consumer security business, providing a wide ranges of services and earning over $2.3 billion a year in estimated revenue.
Interesting...
Seems like the demand for personal security makes this a good deal. They just need to deliver on the product.
Norton products slowed down my computer, that was my problem.
I am a Lifelock customer - so we will see where this goes if it is approved.
Makes sense, protect corporate computers annd when it is hacked they can provide "comprehensive" protection by monitoring the people whose id they failed to protect
11-27-2016, 07:38 PM
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n/a posts
Quote:
Originally Posted by MLSFan
Makes sense, protect corporate computers annd when it is hacked they can provide "comprehensive" protection by monitoring the people whose id they failed to protect
Exactly.
LifeLock is a gigantic waste of money. They charge 9.99/month or whatever for something you can do for free in about five minutes.
LifeLock is a gigantic waste of money. They charge 9.99/month or whatever for something you can do for free in about five minutes.
Like a lot of products and services these days, charging a recurring fee for your product/service is more important than improving/reinventing the product/service periodically for these new companies. The consumer ends up poorer because they have a lot of "bills" at the end of the month (smartphone, Netflix, Hulu, LifeLock, etc.). This is why people have little money these days and charge up the credit card to make up the difference.
Think of life lock as liability insurance for rich people. It's a pocket to take from when a related problem arises and you need a lawyer.
It's basically a niche insurance product.
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