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Broadcom is close to buying Symantec's enterprise business

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Broadcom is close to a deal to buy cybersecurity firm Symantec's enterprise business after negotiations to acquire the whole company fell apart last month.

The deal, expected to be announced after market's close Thursday, could value the Symantec's enterprise division at around $10 billion, sources said.

Chipmaker Broadcom sees at least $1 billion in synergies, according to sources.would not accept less than $28 a shareBroadcom bought CA Technologies for $19 billion last year and tried to purchase Qualcomm before the U.S. Department of Justice blocked the deal.

 

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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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