Broadcom Could Be Buying Security Software Maker Symantec

The FPS Review may receive a commission if you purchase something after clicking a link in this article.

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.


Tsing Mui
News poster at The FPS Review.

Recent News