Marketplace®

Daily business news and economic stories
Donate
Nov 22, 2016

ID theft protection company Lifelock bought by Symantec for $2.3 billion

How worried are we about identity theft? Well, a fair amount, judging by a new acquisition that’s been announced. Cyber security giant Symantec is buying Lifelock — an ID protection company — for $2.3 billion. Among other things, Symantec makes anti-virus software which has been traditionally been bundled with PCs. As that market declines, the […]

by Adam Allington
The figure of Norton Fighter, a hero character symbolizing reliability of Symantec's Norton Products, is displayed in front of Makuhari Messe during the Tokyo Game Show 2008 at Makuhari Messe on October 9, 2008 in Chiba, Japan. 
The figure of Norton Fighter, a hero character symbolizing reliability of Symantec's Norton Products, is displayed in front of Makuhari Messe during the Tokyo Game Show 2008 at Makuhari Messe on October 9, 2008 in Chiba, Japan. 
Koichi Kamoshida/Getty Images

How worried are we about identity theft? Well, a fair amount, judging by a new acquisition that’s been announced.

Cyber security giant Symantec is buying Lifelock — an ID protection company — for $2.3 billion. Among other things, Symantec makes anti-virus software which has been traditionally been bundled with PCs.

As that market declines, the company has needed to look elsewhere for growth — which is where Lifelock comes in.  

Click the audio player above for the full story. 

Related Topics

ID theft protection company Lifelock bought by Symantec for $2.3 billion