$7.5 Bil ‘Attractive Price Tag’ On Veritas: Analyst
Reports by Bloomberg and other news organizations that Symantec (SYMC) is nearing the sale of its Veritas data-storage business has one analyst applauding what he calls a “long-overdue breakup” at an attractive price. Bloomberg reported Tuesday that Symantec is nearing a deal to sell its Veritas data-storage business to private equity firm The Carlyle Group (CG) for $7 billion to $8 billion, citing “people with knowledge of the matter.” “Symantec,