August 8, 2019 / 8:21 PM / 16 days ago

Broadcom to buy Symantec's enterprise security business for $10.7 bln

Aug 8 (Reuters) - Chipmaker Broadcom Inc is buying Symantec Corp’s enterprise security business for $10.7 billion in cash, the antivirus software maker said on Thursday.

Broadcom said the deal is expected to close in the first quarter of its fiscal year 2020 and is subject to regulatory approvals in the United States, European Union and Japan. (Reporting by Supantha Mukherjee and Munsif Vengattil in Bengaluru; Editing by Arun Koyyur)

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