Breaking News

WD Unifies its Professional Content Creator Storage Portfolio Under the G-DRIVE Brand Samsung Introduces the New Bixby in One UI 8.5 Razer Unveils the Huntsman Signature Edition CORSAIR Introduces Limited-Edition FRAME 4000D Nova and Galaxy cases with Color-Shift Finishes Sharkoon announces SKILLER SGM25W

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Deal Talks Between Symantec and Broadcom Said to Stall

Deal Talks Between Symantec and Broadcom Said to Stall

Enterprise & IT Jul 15,2019 0

Symantec and Broadcom have stopped their discussions for a proposed merger as the two sides couldn’t agree on a price, according to reports from loomberg and CNBC.

Broadcom sought to reduce its offer by more than $1.50 per share after determining in due diligence that it was no longer willing to meet the initially agreed-upon price of $28.25, according to the reports.

At $28.25 per share, Symantec would have been valued at about $17.5 billion.

While talks are off for now, they could be resumed if both parties are able to compromise on price or if Symantec comes under sufficient pressure to re-engage, the reports added.

Broadcom engaged in talks to buy the cybersecurity firm seeking to expand into the more profitable software business.

Representatives for Broadcom and Symantec couldn’t be reached for comments.

Tags: Symantecbroadcom
Previous Post
Qualcomm Announces Snapdragon 855 Plus Mobile Platform
Next Post
Alienware's Frank Azor Joins AMD

Related Posts

  • Broadcom Offers Commitments Concerning TV Set-top box and Modem Chipsets to End EU Antitrust Probe

  • AT&T, Palo Alto Networks and Broadcom Collaborate on a Disaggregated Scalable Firewall

  • TSMC and Broadcom Enhance the CoWoS Platform with First 2X Reticle Size Interposer

  • Broadcom Announces First Wi-Fi 6E Chip for Mobile Devices

  • Apple and Broadcom Ordered to Pay $1.1 Billion for Patent Infringement

  • Apple, Broadcom Sign $15 Billion Chip-Supply Deal

  • European Commission Imposes Measures on Broadcom's TV and Modem Chipsets Over Anticompetitive Practices

  • Broadcom Buys Symantec's Enterprise Security Assets for $10.7 Billion

Latest News

WD Unifies its Professional Content Creator Storage Portfolio Under the G-DRIVE Brand
Enterprise & IT

WD Unifies its Professional Content Creator Storage Portfolio Under the G-DRIVE Brand

Samsung Introduces the New Bixby in One UI 8.5
Enterprise & IT

Samsung Introduces the New Bixby in One UI 8.5

Razer Unveils the Huntsman Signature Edition
PC components

Razer Unveils the Huntsman Signature Edition

CORSAIR Introduces Limited-Edition FRAME 4000D Nova and Galaxy cases with Color-Shift Finishes
Cooling Systems

CORSAIR Introduces Limited-Edition FRAME 4000D Nova and Galaxy cases with Color-Shift Finishes

Sharkoon announces SKILLER SGM25W
PC components

Sharkoon announces SKILLER SGM25W

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Soundpeats Pop Clip

Soundpeats Pop Clip

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed