According to media reports, in order to further improve the company’s software business profitability, Broadcom plans to acquire security software company Symantec.
Symantec is the world’s largest network security software company, but in the past year, the company is facing a huge challenge due to a series of problems such as its CEO departure and the weakening of consumer demand for security software.
People familiar with the matter said that Broadcom may reach an acquisition agreement in the next few weeks, but because there are still many unknown factors, Broadcom has not disclosed and confirmed the acquisition. If the acquisition can be achieved, this will be the second big investment that Broadcom has made in the software field.
For the acquisition of software companies in recent years, Broadcom said that it is the best acquisition strategy by continuously acquiring companies with leading positions in the market and making continuous investment as part of Broadcom, rather than integrating its products.
As of press time, Broadcom and Symantec have not commented on this news.