Wednesday, September 15, 2010

Following HP/ArcSight Deal, Symantec Circled by Oracle, IBM and Microsoft

Symantec, the Cupertino, California security software company, could face increased pressure to sell the company according to our media sources.

Hewlett-Packard's acquisition of ArcSight, could increase the pressure on Symantec to sell the company while the security market is getting a lot of attention.

Symantec's business is big enough to narrow the field of buyers to a few, especially given the share price premiums ArcSight and McAfee are getting in their sales. For Symantec to get a similar premium a buyer would have to pay around $20 a share or an enterprise value of over $14.2 billion.

Potential suitors for Symantec include Oracle, IBM and Microsoft.

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