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0.0102929532858273 0.0102929532858273 0.0102929532858273 0.0102929532858273 0.00197941409342837 0.00197941409342837 -0.000395882818685731 -0.000395882818685731
Stock impact report

Carbonite Closes Acquisition of Webroot

CARBONITE (CARB) 
Last carbonite earnings: 11/11 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.carbonite.com/investor-relations
Company Research Source: Business Wire
Transaction combines data backup and recovery technology with cybersecurity platform to deliver complete data protection for customers and their endpoints BOSTON & BROOMFIELD, Colo.--(BUSINESS WIRE)-- Carbonite, Inc. (NASDAQ: CARB), a leading cloud-based data protection provider, today closed its previously announced acquisition of Webroot Inc. The combination of cloud-based backup and recovery with cloud-based cybersecurity introduces a new approach to data protection for the endpoint. The total purchase price for Webroot was $618.5 million in cash, as adjusted with respect to cash, debt, transaction expenses and working capital. The purchase price was funded with existing cash on hand and funds secured under a new $550 million term loan. The interest rate on the term loan is a floating rate based upon LIBOR plus 3.75%. The Webroot business unit will be led by John Post, formerly Webroot Show less Read more
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