From today’s Bloomberg which verified what we’ve been hearing for weeks…
Symantec Corporation, the world’s largest maker of computer anti-virus programs, agreed to buy Veritas Software Corporation for $13.5 billion in stock to add data-storage products. It’s the second-largest software-company merger. Veritas stock will be converted into Symantec stock at a rate of 1.1242 shares of Symantec for each share of Veritas. That’s a 9.5 premium to Veritas’ closing price yesterday of $28.11.
This is big stuff – with Microsoft planning to sell anti-virus programs, Cisco offering security products, and Computer Associates buying both security and storage companies the landscape for technology talent is becoming hotter. Could there be a talent war on the horizon?