Deals
SoftBank-Backed Cohesity Reaches Deal to Acquire Veritas Unit
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Cohesity Inc., a data-management software company backed by SoftBank Vision Fund, reached an agreement to combine with the data protection business of Veritas Technologies, according to a statement reviewed by Bloomberg News.
The transaction is valued at $3 billion or perhaps more, according to people familiar with the matter who asked not to be identified because the details were private. The combined company will be valued at $7 billion, they said.