back to article Symantec palms Veritas off on private equity group in $8bn mega-sale

As suspected, Symantec has offloaded its Veritas storage business to the Carlyle Group for $8bn - way off the $13.5bn paid for the company in 2004. The Carlyle Group has contributions towards the purchase from GIC, Singapore’s sovereign wealth fund, and other expected co-investors. Symantec expects to receive approximately $6. …

  1. Anonymous Coward
    Anonymous Coward

    Obolete disk management tools business for 8 Billion

    Good luck with that

    1. unredeemed

      Re: Obolete disk management tools business for 8 Billion

      Ah yes, because their whole business was built upon Storage Foundation, their money maker...

  2. Gartal

    Ownership

    Hey! I haven't owned Backup Exec yet. When do I get my turn at fucking the guts out of it?

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Other stories you might like