Symantec Acquires LifeLock for $2.3 Billion

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Security software firm Symantec has acquired identity security company LifeLock for $2.3 billion.

The all-cash transaction will allow Symantec to bolster its Norton unit, which has seen falling sales as mobile computing takes over.

“The combination of Norton and LifeLock will create one single solution for comprehensive protection, which is critical in our increasingly digital world,” said LifeLock CEO Hilary Schneider. “It will also enable innovation that wasn’t possible before.”

The Silicon Valley giant also acquired Blue Coat, an internet security company, in August for $4.65 billion.

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