Check Point Software Technologies To Acquire Zone Labs

KwitkoKwitko Sheriff of Banning (Retired)By the thing near the stuff Icrontian
edited December 2003 in Science & Tech
REDWOOD CITY, Calif. and SAN FRANCISCO, December 15, 2003 - Check Point Software Technologies (Nasdaq: CHKP), the worldwide leader in securing the Internet, and Zone Labs®, Inc., the most trusted provider of endpoint security solutions, today announced that they have signed a definitive merger agreement providing for Check Point to acquire privately held Zone Labs for $205 million. Check Point will pay approximately $113 million in cash and approximately $92 million in shares, and will also assume employee stock options of Zone Labs, which could convert to approximately 2.9 million Check Point shares. The merger agreement has been approved by the boards of directors of both companies.

http://www.zonelabs.com/store/content/company/aboutUs/pressroom/pressReleases/2003/pr_50.jsp

I hope this doesn't spell the end for ZoneAlarm.:eek3:

Comments

  • ketoketo Occupied. Or is it preoccupied? Icrontian
    edited December 2003
    Ya, bye bye freeware home user firewall *keto waves*. There are other good ones, fortunately.
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