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Symantec brings massive change to its portfolio by sale of a billion dollar business

siliconreview Symantec brings massive change to its portfolio by sale of a billion dollar business

Would it be possible to bring an end to the ‘Google issue’? 

Symantec, the California based cybersecurity firm is considering to sell a billion dollar business in order to bring an end to the conflict with the Alphabet’s Google, says reports. It says that the company authorities already had a discussion with many private as well as public firms in this matter. It was in the year 2010 the company has made most of its web certification business. On May 19, 2010, Symantec announced a definitive agreement to acquire VeriSign, Inc.’s identity and authentication business, including the majority stake in VeriSign Japan K.K., for approximately $1.28 billion in cash and this is considered as a big leap taken by the company to mark its footprint in the industry. But in March, Google said it was investigating Symantec's failure to properly validate its certificates, which confirm that websites can be trusted and that marked a conflict between both the companies.  The new deal which might happen anytime soon, is expected to bring a massive change in Symantec’s portfolio. Reports say that the deal could fetch more than $1 billion and is promising news for the well-wishers of Symantec. Although Symantec has been brought to the news highlights with this, none of the company officials has yet expressed their opinion about it and that brings an uncertainty as well.

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