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Symantec Buys LifeLock to Kick-start Growth

The $2.3 billion purchase of identity protection company LifeLock (LOCK) should kick-start growth in Symantec's (SYMC) lagging consumer security business, CEO Greg Clark told investors in a Monday call.

Few targets in the consumer cyber-security market could have moved the needle for Symantec, which has a $15 billion market cap and about $4 billion in projected annual revenue. The purchase comes just months after Symantec closed the $4.7 billion purchase of Blue Coat Systems, which serves enterprises...