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Symantec explores selling web certificates business -sources [Reuters (UK)]

SYMANTEC (SYMC) 
Last symantec earnings: 8/8 04:19 pm Check Earnings Report
Company Research Source: Reuters
Symantec explores selling web certificates business: sources n"Cybersecurity firm Symantec Corp ( SYMC.O ) is considering selling its website certification business, in a deal that could fetch more than $1 billion and extricate it from a feud with Alphabet Inc's Google ( GOOGL.O ), people familiar with the matter said on Tuesday. Google said in March that it was investigating Symantec's failure to properly validate its certificates, which confirm that websites can be trusted. Symantec has called Google's claims "exaggerated and misleading." Symantec is in talks with a small number of companies and private equity firms about the potential sale, three sources said, asking not to be identified because the matter is confidential. There is no certainty that a deal will occur, the sources added. Symantec declined to comment. A representative for Google did not immediately respond to a request for comment. Symantec acquired most of its web certification business in 2010, when it paid $1.28 Show less Read more
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