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US: Broadcom in Talks to Buy Symantec

 |  July 3, 2019

Broadcom Inc. is in advanced talks to buy cybersecurity firm Symantec, according to people familiar with the matter, seeking a further expansion into the more profitable software business.

Broadcom could reach an agreement to buy the Mountain View, California-based company within weeks, said the people, who asked to not be identified because the matter isn’t public. No deal has been finalized and the talks could fall through, the people said.

The deal would mark Broadcom’s second big bet in software, following its $18 billion takeover last year of CA Technologies. That transaction spurred some investors to express concern that Broadcom Chief Executive Officer Hock Tan’s acquisition strategy was being stretched too far after playing a key role in consolidating in the $470 billion chip industry.

Full Content: New York Times

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