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Symantec to sell Web certificates business to Thoma Bravo: sources

(Reuters) - Cyber security company Symantec Corp (SYMC.O) has agreed to sell its business that helps verify the identity of websites to buyout firm Thoma Bravo LLC, people familiar with the matter said on Wednesday, a move that extricates it from a feud with Alphabet Inc's Google (GOOGL.O).

Thoma Bravo is planning to merge its own Web certification company called DigiCert with the Symantec unit it will acquire, the sources said, asking not to be identified ahead of an official announcement expected later on Wednesday.

Symantec stands to receive close to $1 billion in an upfront cash payment as a result of the deal, and will retain a minority stake in the new company...


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