Broadcom Inc. is in advanced talks to buy cybersecurity firm Symantec Corp., according to Bloomberg.
Broadcom could reach an agreement to buy the Mountain View, California-based company within weeks, said the people. No deal has been finalized and the talks could fall through, the people said.
Representative for Symantec and Broadcom declined to comment.
Symantec is the world’s biggest maker of cybersecurity software, providing products and services to more than 350,000 organizations and 50 million people, according to its annual report.
In 2011, Intel Corp. acquired McAfee Inc. for $7.7 billion. Intel’s plan was to hard-wire some of the software’s capabilities into its personal-computer processors. The semiconductor maker was never able to pull that off, and ended up spinning off the unit in 2016 in a sale to TPG that valued the business at $4.2 billion.