Broadcom has confirmed the acquisition of the enterprise division of veteran security specialist Symantec, for a hefty $10.7bn ($8.8bn) in cash.
The acquisitions continues Broadcom’s efforts to reinvent itself as “one of the world’s leading infrastructure technology companies”.
Earlier this week it had been reported that Broadcom was once again its “advanced talks” to acquire Symantec, but only its enterprise business division this time.
Broadcom’s attempt to acquire Symantec entirely collapsed in mid July, after the two firms were reportedly unable to reach agreement on the acquisition price for the whole of Symantec.
The firms had reportedly been in “advanced talks” about the acquisition weeks prior to that, and the deal had expected to be announced in late July.
But now Broadcom has confirmed that it is to acquire the enterprise security business of Symantec.
Broadcom has confirmed the acquisition of the enterprise division of veteran security specialist Symantec, for a hefty $10.7bn ($8.8bn) in cash.
The acquisitions continues Broadcom’s efforts to reinvent itself as “one of the world’s leading infrastructure technology companies”.
Earlier this week it had been reported that Broadcom was once again its “advanced talks” to acquire Symantec, but only its enterprise business division this time.
Broadcom’s attempt to acquire Symantec entirely collapsed in mid July, after the two firms were reportedly unable to reach agreement on the acquisition price for the whole of Symantec.
The firms had reportedly been in “advanced talks” about the acquisition weeks prior to that, and the deal had expected to be announced in late July.
But now Broadcom has confirmed that it is to acquire the enterprise security business of Symantec.