Broadcom Could Be Buying Security Software Maker Symantec

The owners of Norton Antivirus and LifeLock may be reporting to Broadcom soon. The semiconductor giant is reportedly in advanced discussions to acquire Symantec, a company famed for its extensive portfolio of cybersecurity software.

The transaction could cost Broadcom as much as $15 billion, assuming negotiations don’t fall apart. Symantec’s consumer segment is apparently very profitable.

Broadcom has moved to buy software businesses. Last year, it agreed to buy CA Technologies, a maker of corporate software, for nearly $19 billion. And Broadcom’s chief financial officer, Tom Krause, recently told Morgan Stanley that the company would focus on buying so-called infrastructure software that powers back-end operations for businesses.


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