SPLIT: Norton antivirus software maker Symantec Corp will split into two publicly traded companies, one focused on security and the other storage and backup, potentially making itself more attractive to suitors.
Norton antivirus software maker Symantec Corp will split into two publicly traded companies, one focused on security and the other storage and backup, potentially making itself more attractive to suitors.
The move by Symantec, which has fired two CEOs since 2012 as its stock and financial performance lagged many other software makers, follows a trend of companies splitting in an effort to boost their share prices. The deal also reverses its long troubled US$13.5bil (RM43.93bil) acquisition a decade ago of storage software maker Veritas.
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