FTC Clears Symantec's $4.65 Billion Cash Buy of Blue Coat

Symantec won “early termination” of the Hart-Scott-Rodino waiting period on its proposed $4.65 billion cash acquisition of web security company Blue Coat, the FTC said in a notice Wednesday. Blue Coat CEO Greg Clark will be named CEO of Symantec after the close of the deal in Q3, succeeding Ajei Gopal, interim chief operating officer, Symantec said last month (see 1606130010).