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Broadcom Acquiring Symantec
Media reports say that Broadcom AVGO is acquiring security software maker Symantec SYMC for $15 billion. The formal announcement could be made as soon as today or after the July 4th holiday.
Unfazed by President Trump’s move to block its acquisition of Qualcomm QCOM, the company and its determined CEO Hock Tan proceeded to transfer its headquarters to the U.S., so it could continue on its strategy of acquiring technology companies and squeezing efficiencies from the combinations.
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Symantec shares jumped over 20% at the news, still well below their 2017 highs, while Broadcom shares dropped off.
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https://finance.yahoo.com/news/broadcom-...06588.html
![[Bild: SYMCc1dl0757.png]](https://finviz.com/publish/070419/SYMCc1dl0757.png)
Media reports say that Broadcom AVGO is acquiring security software maker Symantec SYMC for $15 billion. The formal announcement could be made as soon as today or after the July 4th holiday.
Unfazed by President Trump’s move to block its acquisition of Qualcomm QCOM, the company and its determined CEO Hock Tan proceeded to transfer its headquarters to the U.S., so it could continue on its strategy of acquiring technology companies and squeezing efficiencies from the combinations.
...
Symantec shares jumped over 20% at the news, still well below their 2017 highs, while Broadcom shares dropped off.
...
https://finance.yahoo.com/news/broadcom-...06588.html
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