Symantec 2010 Annual Report Download - page 179

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Note 15. Subsequent Events
In April 2010, we signed definitive agreements to acquire PGP Corporation (“PGP”) and GuardianEdge
Technologies, Inc. (“GuardianEdge”), privately-held US-based providers of email and data encryption services. We
expect to acquire PGP and GuardianEdge for a purchase price of approximately $300 million and $70 million in
cash, respectively. The acquisitions are expected to close by the end of the first quarter of fiscal 2011 and therefore a
disclosure of the purchase price allocation cannot be made at this time.
In April 2010, we announced our strategy for the Consulting Services business to expand our partner eco-
system to better leverage their customer reach and operational scale. As a result of this change in strategy, we expect
to take a restructuring charge in the range of $40 million to $50 million during fiscal 2011. The Consulting Services
business is included in the Services segment in this annual report.
On May 19, 2010, we signed a definitive agreement to acquire certain assets of VeriSign, Inc. (“VeriSign”), a
publicly-held US-based provider of internet authentication and domain naming services. The acquired assets relate
to the authentication business of VeriSign. As part of the agreement, we will also acquire VeriSign’s 54% interest in
VeriSign Japan KK. We anticipate a purchase price of approximately $1.28 billion to be paid in cash related to this
acquisition, which is subject to regulatory approvals and other closing conditions. We expect the acquisition to close
during the second quarter of our fiscal 2011.
103
SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)