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Technology Stocks : Semi Equipment Analysis
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WSJ

Broadcom Nears Deal to Buy Symantec’s Enterprise Business

Potential deal could value Symantec division at around $10 billion, according to a person familiar with the matter

wsj.com


A deal for the Symantec business could be announced as early as Thursday, when Symantec reports its results, sources said. PHOTO: JUSTIN SULLIVAN/GETTY IMAGES

By
Updated Aug. 7, 2019 6:19 pm ET

Broadcom Inc. (AVGO) is nearing a deal to buy Symantec Corp.’s (SYMC) enterprise business after its attempted purchase of the entire cybersecurity firm fell apart.

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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.
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