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US: Broadcom in advanced talks to buy Symantec’s enterprise business

 |  August 7, 2019

Chipmaker Broadcom is in advanced talks to buy Symantec  enterprise business, according to people familiar with the matter.

The deal could value the Symantec division at around $10 billion, one of the people said.

Broadcom had previously been in late-stage discussions to buy all of Symantec before the talks collapsed last month. Since then, the two sides have restarted discussions, with Broadcom zeroing in on the Symantec business that serves businesses and accounts for roughly half its $5 billion in annual revenue.

The 37-year-old Symantec became a household name as a seller of consumer antivirus software. The company also sells corporate cybersecurity products but has struggled lately to expand that business line.

Full Content: Wall Street Journal

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