POTENTIAL DEAL DETAILS
Broadcom Inc. (AVGO) is in advanced talks to buy cybersecurity firm Symantec Corp. (SYMC), according to people familiar with the matter, seeking a further expansion into the more profitable software business.
July 07, 2019: Broadcom Inc. (AVGO) has secured financing and identified cost savings for the acquisition of Symantec Corp. (SYMC) in an all-cash deal that could value the cybersecurity firm at more than $22 billion including debt, according to people familiar with the matter.
July 15, 2019: Symantec Corp. (SYMC) and Broadcom Inc. (AVGO) have halted their discussions for a proposed merger as the two sides couldn’t agree on a price, according to people familiar with the matter. Symantec shares fell as much as 15% to $21.70.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.