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Simpson Thacher is representing JPMorgan in its role as financial advisor to VeriSign, Inc. (VeriSign) in connection with the disposition of its authentication services business to Symantec Corporation (Symantec) for approximately $1.28 billion in cash. The authentication services business includes the industry-leading Secure Sockets Layer (SSL) encryption certification services, the managed Public Key Infrastructure (PKI) platform and VeriSign’s majority ownership stake in VeriSign Japan, a publicly traded company. The transaction is expected to close in 60 to 90 days or upon receipt of regulatory approval.

VeriSign is a leading provider of Internet infrastructure products and services that enable confidence among Internet users, website owners and operators of digital networks. Symantec is a global leader in providing security, storage and systems management solutions to help consumers and organizations secure and manage their information-driven world.

The Simpson Thacher team working on the transaction includes: Peter Malloy, Larissa Schwartz and Ryan Coombs (M&A) and Marcela Robledo (Intellectual Property).