SoftBank-backed Cohesity to buy Veritas data security unit in $7b merger

SoftBank-backed Cohesity to buy Veritas data security unit in $7b merger

FILE PHOTO: AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

U.S. data security software firm Cohesity told Reuters on Wednesday it has agreed to acquire Veritas’ data protection business in a deal that values the combined entity at $7 billion.

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