New York Chipmaker Broadcom is buying cybersecurity specialist Symantec Corporation's enterprise security business for $10.7 billion in cash, the companies announced Thursday.
The deal signals Broadcom's continued efforts to diversify beyond its main memory-chip business. Symantec is America's largest cybersecurity company. Its anti-virus software helps companies thwart cyber threats across their physical devices and in the cloud. Previously, Broadcom acquired network equipment maker Brocade in 2017 and enterprise security company CA Technologies in 2018.
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Intel owns 49% of McAfee Broadcom is buying Symantec What's next? AMD buying BitDefender?
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Broadcom is close to buying Symantec's enterprise businessBroadcom is close to a deal to buy cybersecurity firm Symantec's enterprise business after negotiations to acquire the whole company fell apart last month. EroNesh
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Broadcom Nears Deal to Buy Symantec’s Enterprise BusinessBroadcom is nearing a deal to buy Symantec’s enterprise business after its earlier attempted purchase of the entire cybersecurity firm fell apart. 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. $10B feels like a lot for the worse of two business segments when the combined market cap is $14B. $SYMC
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