On Wednesday, Shares of Lifelock Inc (NYSE:LOCK), subtract -0.10% and shut at $23.84 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $23.82 and $23.88. The business’ commercial center capitalization is $2.25 Billion with the aggregate fabulous loads of 94.25 million. Symantec Corp. (SYMC) and LifeLock, Inc. (LOCK) recently declared that they have reached a definitive agreement for Symantec to acquire LifeLock for $24 per share or $2.3 billion in enterprise value. The deal, which was approved by the boards of directors of both companies, is expected to close in the first calendar quarter of 2017, subject to customary closing conditions counting LifeLock stockholder approval.
In the last year, one third of American citizens and over 650 million people globally were the victims of cybercrime. As A Result, more and more consumers are concerned about digital safety, an estimated $10 billion market growing in the high single digits. In the United States alone, the estimated total addressable market is 80 million people.
“As we all know, consumer cybercrime has reached crisis levels. LifeLock is a leading provider of identity and fraud protection services, with over 4.4 million highly-satisfied members and growing. With the combination of Norton and LifeLock, we will be able to deliver comprehensive cyber defense for consumers,” said Greg Clark, Symantec’s CEO. “This acquisition marks the transformation of the consumer security industry from malware protection to the broader category of Digital Safety for consumers.
Symantec’s acquisition of LifeLock brings together the #1 leader in consumer security with a leading provider of identity protection and remediation services. The combination will create the world’s leading consumer security business with over $2.3 billion in annual revenue based on last fiscal year revenues for both companies.
Shares of Twenty-First Century Fox Inc (NASDAQ:FOX), added 0.50 % and shut at $28.28 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $28.03 and $28.36. The association’s commercial center capitalization is $53.38 Billion with the general uncommon loads of 798.52 million. FOX News Channel (FNC) will present a new one hour special entitled, “OBJECTified: Donald Trump” on Friday, November 18th at 10PM/ET. Hosted by TMZ’s Harvey Levin, the program will feature an interview with then-presidential candidate Donald Trump as he showcases the objects in his home and offers the stories behind each memento. An encore presentation of the special will be presented on Saturday, November 19th, and Sunday, November 20th at 8PM/ET.
The special will feature a side of President-elect Donald Trump that has rarely been seen before. During the interview, which was conducted on September 15, 2016, Trump recounts the stories behind photos, letters, trophies and other cherished keepsakes he’s attained throughout his lifetime. President-elect Trump also explains how each object holds a special significance and how they have influenced his life. The interview will trace Trump’s life from a three year old boy living in Queens, to a family tragedy that still resonates with him, an unfulfilled dream of becoming a Hollywood movie mogul, and the decades old advice from a former President that planted the seeds for his presidential campaign.