Acquisition By Symantec
See also: List of mergers and acquisitions by Symantec#AcquisitionsOn 18 August 2008, Symantec announced the signing of an agreement to acquire PC Tools such that PC Tools would maintain separate operations. The financial terms of the acquisition were not disclosed. Symantec acquired PC Tools for $262,000,000 on 6 October 2008.
Symantec as decided to retire the entire PC Tools security portfolio after May 18, 2013.
Read more about this topic: PC Tools (company)
Famous quotes containing the word acquisition:
“Wars and revolutions and battles are due simply and solely to the body and its desires. All wars are undertaken for the acquisition of wealth; and the reason why we have to acquire wealth is the body, because we are slaves in its service.”
—Socrates (469–399 B.C.)