Symantec to Sell Web Certificates Business, Wriggle Out of Alphabet Negotiations
Google had previously requested that Symantec change its underlying certification technology or be dropped by the firm.

Symantec Corp (SYMC) has agreed to sell its web certificates business to buyout firm Thoma Bravo LLC as part of an effort to end its ongoing dispute with Alphabet's (GOOGL) Google, Reuters reported.

Insiders said Thoma Bravo could pay as much as $1 billion in cash upfront for the business, which verifies the identity of websites. Thoma Bravo is said to be planning a merger between Symantec's web certificates business and DigiCert. Symantec would retain a minority stake.

Symantec's web certification unit has become an issue for Google's Chrome and other web browser owners who criticize its means of validating websites. Google had previously requested that Symantec change its underlying technology or be dropped by the browser. Negotiations are ongoing.

Symantec stock traded down at Wednesday's close, but was rising over 3% in after-hours trading.

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