Symantec Corp. (SYMC) is exploring a breakup, according to people with knowledge of the matter, joining other large technology companies that are trying to make their businesses more focused and nimble.
The Mountain View, California-based software company is in advanced talks to split up its business into two entities, with one that sells security programs and another that does data storage, said the people, who asked not to be identified because the conversations are private. An announcement may be a few weeks away, one of the people said.
Kristen Batch, a spokeswoman at Symantec, declined to comment. The company has a market value of $16 billion.
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The Mountain View, California-based software company is in advanced talks to split up its business into two entities, with one that sells security programs and another that does data storage, said the people, who asked not to be identified because the conversations are private. An announcement may be a few weeks away, one of the people said.
Kristen Batch, a spokeswoman at Symantec, declined to comment. The company has a market value of $16 billion.
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