Chipmaker Broadcom Inc is in advanced talks to buy cybersecurity firm Symantec C...
A deal would expand the chipmaker’s push into software a year after its $18.9 billion deal to buy U.S. business software company CA Inc. It also follows Broadcom’s failed bid to buy Qualcomm Inc.
Broadcom’s Chief Executive Officer Hock Tan has built the company through a series of ambitious deals. As CEO of Avago, Tan pulled off the acquisition of Broadcom for $37 billion, bringing the two companies under one umbrella name of Broadcom. A Broadcom-Symantec deal would be the second major acquisition of a cybersecurity provider by a chipmaker, after computer processor maker Intel Corp bought California-based McAfee in 2011.
However, Intel sold a majority stake in McAfee to investment firm TPG after a failed effort to stake out a major position in the computer security business.A Symantec spokesperson said the company does not comment on speculation. Broadcom was not immediately available for comment. Reporting by Bharath Manjesh in Bengaluru; Greg Roumeliotis in New York; Editing by Bill Rigby and Cynthia Osterman
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