Symantec to Buy VeriSign's Authentication Business

Symantec will pay US$1.28 billion to acquire VeriSign's authentication business.

Verisign confirmed the rumored acquisition Wednesday, saying that they will discuss the acquisition during a 1:30 p.m. Pacific Time conference call.

Reports surfaced Tuesday, claiming that VeriSign had been shopping its encryption technology and service business recently, and naming Symantec as the buyer.

(More to come.)

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