Support the fact-based journalism you rely on with a donation to Marketplace today. Give Now!

ID theft protection company Lifelock bought by Symantec for $2.3 billion

Adam Allington Nov 21, 2016
HTML EMBED:
COPY
The figure of Norton Fighter, a hero character symbolizing reliability of Symantec's Norton Products, is displayed in front of Makuhari Messe during the Tokyo Game Show 2008 at Makuhari Messe on October 9, 2008 in Chiba, Japan.  Koichi Kamoshida/Getty Images

ID theft protection company Lifelock bought by Symantec for $2.3 billion

Adam Allington Nov 21, 2016
The figure of Norton Fighter, a hero character symbolizing reliability of Symantec's Norton Products, is displayed in front of Makuhari Messe during the Tokyo Game Show 2008 at Makuhari Messe on October 9, 2008 in Chiba, Japan.  Koichi Kamoshida/Getty Images
HTML EMBED:
COPY

How worried are we about identity theft? Well, a fair amount, judging by a new acquisition that’s been announced.

Cyber security giant Symantec is buying Lifelock — an ID protection company — for $2.3 billion. Among other things, Symantec makes anti-virus software which has been traditionally been bundled with PCs.

As that market declines, the company has needed to look elsewhere for growth — which is where Lifelock comes in.  

Click the audio player above for the full story. 

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.