The message is that Symantec doesn't get to run a CA business anymore. Presumably the fact that a sale was somewhat necessary was priced into the purchase price.
I think this deal should put digicert on a "one strike and you're out" zone as well.
I don't understand what's going on. Digicert will give Symantec 800M+ cash and a 30% equity?
And Symantec will generously allow the current digicert CEO to continue as the CEO of digicert? Doesn't look like Symantec is selling anything. Looks like Symantec is buying digicert from the owners of digicert.
It would be a "classic reverse buyout" if DigiCert was going to continue to operate the Symantec CA infrastructure. If it is not, then Google and Mozilla will have accomplished their most important objective, which is the elimination of insecure certificate issuers in current operation.
You clearly have other objectives you would like Google and Mozilla to accomplish for you, and I probably agree with many of them, but let's try to stay focused here.
And now the same people who made that shitty infrastructure will control a large chunk of the business that created what was once (probably) a perfectly good one -- and likely make the same shit decisions that made their old one shit as well making digicerts' infrastructure worse, and eventually probably shit as well.
The point is the purchase price should have been zero. I want every Symantec shareholder to feel the pain and never invest in any company that is that shit again.
I think this deal should put digicert on a "one strike and you're out" zone as well.
I don't understand what's going on. Digicert will give Symantec 800M+ cash and a 30% equity?
And Symantec will generously allow the current digicert CEO to continue as the CEO of digicert? Doesn't look like Symantec is selling anything. Looks like Symantec is buying digicert from the owners of digicert.