Microsoft To Buy Cyber Security Firm Adallom

Although neither company would comment on this report, rumor has it that Microsoft is buying Adallom for $320 million.

Microsoft Corp plans to acquire Israeli cyber security company Adallom for $320 million, the Calcalist financial newspaper reported on Monday. Adallom, which develops cloud security platforms, is expected to become the center for Microsoft's cyber security business in Israel, the newspaper said. Adallom could not be reached for comment and officials at Microsoft in Israel declined to comment.

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