Fenwick & West represented Symantec Corporation (NASDAQ: SYMC) in the pending sale of Symantec’s Website Security business to DigiCert, Inc., a leading provider of enterprise identity and encryption solutions. Under the terms of the sale agreement, Symantec will receive approximately $950 million in upfront cash proceeds and approximately a 30 percent stake in the common stock equity of the DigiCert business when the transaction closes.
The transaction will allow Symantec to sharpen its enterprise focus on delivering security to the cloud generation through Symantec's Integrated Cyber Defense Platform. More information about Symantec’s sale transaction with DigiCert can be obtained from the company press release.
The Fenwick transaction team included corporate lawyers Doug Cogen, David Michaels, Bomi Lee, Victoria Lupu, Michael Duignan, Shweta Kumar and Jennifer Cho; executive compensation and employee benefits lawyers Scott Spector, Mona Clee, Patrick Grilli, Hans Andersson and Alex Galev; intellectual property lawyers Stephen Gillespie, Brian Hoffman, Chris Joslyn, Linda Goldman, Russell Wong and Ari Fink; antitrust lawyers Mark Ostrau and Ashley Walter; and tax lawyers Will Skinner and Ora Grinberg.