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...Its software deals include the $18.9bn acquisition of CA Technologies and $10.7bn buyout of Symantec’s enterprise security business....
...A year later, Broadcom paid $10.7bn for Symantec’s enterprise security business....
...They point to two recent transactions led by Broadcom, its $18.9bn takeover of CA Technologies in 2018 and its $10.7bn deal to buy Symantec’s enterprise security business a year later as recent examples...
...Thompson was chief executive of computer security group Symantec at the time of its February 2006 acquisition of IMlogic, a company founded and led by deSouza....
...Thompson was chief executive of Symantec at the time of its February 2006 acquisition of IMlogic, a company founded and led by deSouza....
...Broadcom agreed to acquire cyber security group Symantec in 2019 for $10.7bn, propelling it into the software sector....
...Tan pivoted to acquire CA Technologies and the enterprise security unit of Symantec, spending $30bn....
...Broadcom acquired enterprise software company CA Technologies for $18.9bn in 2018 and then purchased cyber security group Symantec a year later for $10.7bn, propelling it into the software sector....
...It also has cyber security cloud services provider Symantec in its portfolio....
...His first two software takeovers, CA Technologies and Symantec, targeted struggling and slow-growing companies that nonetheless were core infrastructure inside many of the world’s largest corporations....
...It bought ageing software group CA Technologies and Symantec’s enterprise security business in quick succession between 2018 and 2019....
...With wind in its sales, erstwhile US laggard NortonLifeLock, formerly called Symantec, is eyeing UK-listed Avast....
...Broadcom is acquiring Symantec’s enterprise security business for $10.7bn in cash, in a deal aimed at boosting the chipmaker’s software portfolio....
...Now it is closing in on security group Symantec. The enterprise value for the deal could exceed $15bn....
...A deal to buy the entire company would be more tax efficient for Symantec shareholders, one person briefed about the bid said....
...Broadcom and Symantec could not immediately be reached for comment....
...Beyond its enterprise business, Symantec owns the Norton and LifeLock brands....
...Symantec did not immediately respond to a request for comment....
...Now Broadcom is circling struggling security software concern Symantec....
...That more than eclipsed the $2bn gain in Symantec’s value, as its shares climbed 14 per cent....
...“Everybody has to have a plan for what’s going to happen in the age of deepfakes,” said Darren Shou, vice-president of research labs at Symantec....
...Symantec said it would now search for a replacement....
...Broadcom-Symantec back on?...
...Symantec increased its share buyback program to $1.3bn....
...(FT) News round-up Broadcom to buy Symantec’s enterprise unit in $10.7bn deal (FT) Kraft Heinz shares slump on new writedowns and falling sales (FT) Aviva explores Asia unit options amid sale speculation...
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