“Symantec Corp. (NASDAQ: SYMC), the world’s leading cyber security company, today announced it has entered into a definitive agreement to sell its Enterprise Security assets, which include the Symantec name, to Broadcom Inc. (NASDAQ: AVGO), for $10.7 billion in cash. The transaction, which was approved by Symantec’s Board of Directors, is expected to close before the end of the calendar year pending regulatory approvals.”
“Symantec has a long history of offering unparalleled cyber technology,” said Daniel H. Schulman, Chairman of the Symantec Board of Directors. “It is a testament to our market leadership and dedication to the mission of making the world a safer place, that Broadcom has chosen…” Read the full press release here.
Source: Symantec Announces Sale of Enterprise Security Assets for $10.7 Billion to Broadcom – August 8, 2019. Symantec.
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