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
Source: WSJ - 🏆 98. / 63 Read more »