Friday, August 9, 2019

Broadcom Buys Symantec's Enterprise Security Business For $10.7 Billion

Broadcom, which has significant operations in Orange County, has acquired the Enterprise Security business of Symantec, in a deal worth $10.7 billion in cash. The two said the deal is expected to close before the end of the year. The move is consistent with Broadcom's recent activity to diversify itself away from just semiconductors to include network equipment, software, and other products. Last year, Broadcom acquired another large software business, CA Technologies, in an $18.9 billion acquisition. Broadcom is now headquartered in San Jose.

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