Tan didn't know the Huawei ban was coming when Broadcom acquired CA in one of the biggest software deals ever, but he clearly recognized the need to diversify. After the deal, the company divided up the company into three divisions: semiconductor solutions, infrastructure software and the very small intellectual property licensing business. Thanks to CA, infrastructure software now accounts for about a quarter of total revenue.
Representatives from Broadcom and Symantec didn't respond to requests for comment. A Vista spokesman didn't immediately respond for comment.Should Symantec agree to a deal, Broadcom would acquire a company that's currently valued at $15.5 billion on $4.7 billion in annual revenue. Combined with CA, software would account for 37% of Broadcom's total revenue.
Rather, Broadcom would be grabbing a highly recognizable brand in security software at what could be viewed as a discount since the company has had such instability in the managerial ranks. The latest blow came in May, when Symantecthe unexpected resignation of CEO Greg Clark just three years into the job, and less than four months after the departure of finance chief Nicholas Noviello.
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