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Broadcom to Acquire Symantec Enterprise Security Business for $10.7 Billion in Cash
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<blockquote data-quote="L0ckJaw" data-source="post: 828677" data-attributes="member: 70130"><p><strong>Broadcom to Acquire Symantec Enterprise Security Business for $10.7 Billion in Cash</strong></p><p></p><p>Chipmaker Broadcom is buying cybersecurity specialist Symantec Corporation's enterprise security business for $10.7 billion in cash, <a href="https://www.prnewswire.com/news-releases/broadcom-to-acquire-symantec-enterprise-security-business-for-10-7-billion-in-cash-300899102.html" target="_blank">the companies announced</a> Thursday.</p><p></p><p>The deal signals Broadcom's continued efforts to diversify beyond its main memory-chip business. Symantec (<a href="https://money.cnn.com/quote/quote.html?symb=SYMC&source=story_quote_link" target="_blank">SYMC</a>) is America's largest cybersecurity company. Its anti-virus software helps companies thwart cyber threats across their physical devices and in the cloud.</p><p></p><p></p><p></p><p></p><p>[URL unfurl="true"]https://investors.broadcom.com/news-releases/news-release-details/broadcom-acquire-symantec-enterprise-security-business-107[/URL]</p><p></p><p>[URL unfurl="true"]https://edition.cnn.com/2019/08/08/tech/broadcom-symantec-acquisition/index.html[/URL]</p></blockquote><p></p>
[QUOTE="L0ckJaw, post: 828677, member: 70130"] [B]Broadcom to Acquire Symantec Enterprise Security Business for $10.7 Billion in Cash[/B] Chipmaker Broadcom is buying cybersecurity specialist Symantec Corporation's enterprise security business for $10.7 billion in cash, [URL='https://www.prnewswire.com/news-releases/broadcom-to-acquire-symantec-enterprise-security-business-for-10-7-billion-in-cash-300899102.html']the companies announced[/URL] Thursday. The deal signals Broadcom's continued efforts to diversify beyond its main memory-chip business. Symantec ([URL='https://money.cnn.com/quote/quote.html?symb=SYMC&source=story_quote_link']SYMC[/URL]) is America's largest cybersecurity company. Its anti-virus software helps companies thwart cyber threats across their physical devices and in the cloud. [URL unfurl="true"]https://investors.broadcom.com/news-releases/news-release-details/broadcom-acquire-symantec-enterprise-security-business-107[/URL] [URL unfurl="true"]https://edition.cnn.com/2019/08/08/tech/broadcom-symantec-acquisition/index.html[/URL] [/QUOTE]
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