Chipmaker Broadcom is in talks to buy cybersecurity company Symantec: Report
A deal would expand Broadcom’s push into software a year after its $18.9 billion deal to buy US business software company CA Inc Chipmaker Broadcom Inc is in advanced talks to buy cybersecurity firm, Symantec Corp, according to sources familiar with the matter, as Broadcom seeks to diversify beyond semiconductors. A deal would expand Broadcom’s push into software a year after its $18.9 billion deal to buy US business software company CA Inc. It also follows Broadcom’s failed bid to buy Qualcomm Inc. A Symantec spokesperson said the company does not comment on speculation. The company, which is being investigated by US regulators over an accounting irregularity, has seen a slew of key executive departures since late last year, including CEO Greg Clark, who abruptly stepped down in May.
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