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Broadcom Said to Be in Advanced Talks to Buy Symantec’s Enterprise Business

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Chipmaker Broadcom is in advanced talks to buy Symantec enterprise business, according to people familiar with the matter.

It’s possible that a deal is reached by the time Symantec announces earnings on Thursday, but negotiations could last longer, the sources said.

Both the companies could not be immediately reached for comment.

The deal could be worth about $10 billion (GBP 8.2 billion or roughly Rs. 70,851 crores), the Wall Street Journal reported, citing sources.

Shares of Symantec, which has a market value of $12.63 billion (roughly Rs. 89,485 crores), rose 14 percent in extended trading, while those of Broadcom fell 1 percent.

Symantec last month walked away from negotiations to sell itself to Broadcom over price disagreements, Reuters had reported, citing people familiar with the matter.

Symantec is struggling with severe competition from nimbler rivals and has seen several top level executives leave the company this year, while it is also being investigated by US regulators over an accounting irregularity.

© Thomson Reuters 2019



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Google Pixel 6 and Pixel 6 Pro: Everything we know so far

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Google Pixel 6 is hot in the rumor mill with multiple leaks presenting a deeper peek into the upcoming Google smartphone. It is also speculated that the Pixel 6 will be accompanied by the bigger Pixel 6 Pro phone. It is highly likely, the Pixel Fold and even an XL model may debut alongside the Pixel 6 series smartphones. The … Continue reading

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Watch woodpecker destroy hidden camera one obnoxious peck at a time

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You’ve probably seen or heard a woodpecker in action at some point; they’re the small birds that can spend hours driving everyone in the vicinity to madness with incessant taps against trees or wood buildings. What you probably haven’t seen is what it looks like to be the object subjected to the woodpecker’s wrath — until now, that is. A … Continue reading

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MacBook Pro M1X and Mac mini may release Intel from service in 2021

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The release date for a new M1X version of the MacBook Pro from Apple, along with a new Mac mini appear to be headed for a special event. It’s been rumored that the most powerful and updated Mac mini with M1X chip inside will be revealed at an event in the forth quarter of this year, 2021. It’s also tipped … Continue reading

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