Final bids for the company are due this month and could value LifeLock at about $2 billion, said the people, who asked not to be identified because they weren’t authorized to speak publicly. Buyout firm TPG is among potential suitors, two of the people said.
Elliott Management Corp., the activist investment group founded by Paul Singer, unveiled a stake in LifeLock in June and owns about 11 percent of the Tempe, Arizona-based company. LifeLock is working with Goldman Sachs Group Inc. on the sale, the people said.
Shares of LifeLock jumped as much as 14 percent to $20.03 in New York trading Friday, giving the company a market value of about $1.9 billion.
Representatives for LifeLock, TPG, Elliott and Goldman Sachs declined to comment.
LifeLock, which has more than 4.4 million customers, provides a range of identity-theft protection services, including credit monitoring and alerts, according to its website. Chief Executive Officer Hilary Schneider has worked as a senior adviser to TPG, according to her corporate biography.
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