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Broadcom Nears Deal to Buy Symantec’s Enterprise Business

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Broadcom is nearing a deal to buy Symantec’s enterprise business after its attempted purchase of the entire firm fell apart, say people familiar

Broadcom Inc. is nearing a deal to buy Symantec Corp.’s enterprise business after its attempted purchase of the entire cybersecurity firm fell apart.

A deal for the Symantec business could be announced as early as Thursday, when Symantec reports its results, according to people familiar with the matter. As with the earlier attempt, the talks could still fall apart.

 

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$10B feels like a lot for the worse of two business segments when the combined market cap is $14B. $SYMC

Thank you for reminding me of yet another company over which I have to fight for ownership. Broadcom was founded(over 22% ownership expected) by my great grandfather(Abdul Matlab Khan) who was also from the USA.

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