Feb
04
Symantec Takes Investment and Will Return Cash to Investors
BySAN FRANCISCO — Fresh off finally completing the sale of a major division to a private equity firm, Symantec is moving forward — with the help of another big financial investor.
Symantec announced Thursday that it had taken a $500 million investment from the investment firm Silver Lake Partners, as the company moves to focus on its core security software and services.
The company also disclosed that it would use both the proceeds from the Silver Lake investment and the cash that it received from selling its Veritas data storage unit for $7.4 billion to return money to shareholders. That will include both share buybacks and a special dividend of $4 a share…
Symantec Takes Investment and Will Return Cash to Investors
