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Symantec Sets Jan. 29 Close for $8B Veritas Sale to Carlyle Group


acquisitionThe Carlyle Group (Nasdaq: CG) is set to conclude its potential $8 billion acquisition of Veritas from Symantec (Nasdaq: SYMC) on Jan. 29 after the closing conditions are met.

Bill Coleman, formerly a partner at venture capital firm Alsop Louie Partners, will serve as CEO of Veritas upon the deal’s close, Symantec said Monday.

“We see in Veritas an incredible opportunity for value creation and look forward to working alongside the strong existing Veritas team, ” said Coleman.

Symantec and Carlyle began to discuss the sale of the data storage business in July.

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