Broadcom may buy Symantec for $15-Billion Acquisition

Broadcom may buy Symantec for $15-Billion Acquisition: As per the report Broadcom Inc, is in advanced talks to buy Symantec Corp,a 37-year-old security software vendor as Broadcom seeks to diversify beyond semiconductors. The deal would be likely to value Symantec at more than $15bn. If this deal is going through, then it would be the second major acquisition of a security software maker by a semiconductor company. The shares of Symantec surged 22% in after-hours trading, while Broadcom fell 4%. Symantec has saw, its share price increase to over $25 for the first time since last May.

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

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