Symantec, which has been plagued by management turnover and deteriorating earnings, is in talks to be acquired by Broadcom, according to Bloomberg.
Symantec has been plagued in recent years by management turmoil and a flailing core business as cloud security companies have taken share of the enterprise market and a newer crop of companies have emerged to protect mobile devices.. Clark said he wanted to spend more time with his aging father, but departed after the company missed revenue estimates for the fourth quarter.
Chipmaker Broadcom has been on an acquisition spree, buying CA Technologies for $19 billion last year. But its effort to purchase
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