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A marriage that at the time left many in Silicon Valley scratching their heads will be a thing of the past, as Symantec (SYMC) said Tuesday that it would sell its Veritas data storage business to private equity firm Carlyle Group, valuing the deal at $8 billion. The security software maker’s purchase of Veritas in 2004 for more than $13 billion left many on Wall Street wondering about the synergies, as many analysts viewed the two businesses as Scalper1 News
Scalper1 News