Another big merger in the software sector appears to be in the works.
is reportedly close to acquiring
for about $13 billion.
The two Silicon Valley-based companies have been discussing a deal for more than a month, and an official announcement is possible as early as this week,
The New York Times
Symantec, widely known for its Norton antivirus products, would be paying $29.70 a share for Veritas. Based on Veritas' closing share price Monday, the offer represents an 18% premium. Veritas shares rose $3.68, or 14.6%, to $28.87 in premarket trading.
Symantec shares closed at $32.86 Monday.
announced a definitive agreement to acquire
for $10.3 billion, ending the software industry's most bitter takeover saga.