DigiCert to buy Symantec's website security business for $950 mln

DigiCert, a Thoma Bravo portfolio company, is buying Symantec Corp’s website security business and related PKI solutions for about $950 million cash. Symantec will also receive a 30 percent stake in DigiCert’s business. Symantec’s website security unit helps businesses verify the identity of websites, according to press reports. UBS Investment Bank, Credit Suisse, Jefferies Finance LLC and Goldman Sachs Bank USA are providing financing.

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