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Broadcom Cuts Deal to Buy Symantec’s Enterprise Unit

August 8, 2019

Broadcom to pay $10.7 billion for B2B security products and services; Symantec cuts costs through workforce downsizing

Symantec is no longer an enterprise security vendor. In the minutes following Wall Street’s closing bell this afternoon, Broadcom announced the deal to buy Symantec’s enterprise unit for $10.7 billion in cash. The acquisition leaves Symantec with its small-business and consumer products while reshaping the security industry and channel landscapes.