Breaking News

Viltrox Announces AF 15mm F1.7 Air MSI Prestige 16 AI Mercedes-AMG Motorsport Limited Edition Laptop GAMEMAX Introduces AERIS 330 Series micro-ATX PC Case COLORFUL Launches Rimbook Series Laptops Circular Smart Rings Offer Early Detection of Sickness Symptoms

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

Viltrox Announces AF 15mm F1.7 Air
Cameras

Viltrox Announces AF 15mm F1.7 Air

MSI Prestige 16 AI Mercedes-AMG Motorsport Limited Edition Laptop
Consumer Electronics

MSI Prestige 16 AI Mercedes-AMG Motorsport Limited Edition Laptop

GAMEMAX Introduces AERIS 330 Series micro-ATX PC Case
Cooling Systems

GAMEMAX Introduces AERIS 330 Series micro-ATX PC Case

COLORFUL Launches Rimbook Series Laptops
Enterprise & IT

COLORFUL Launches Rimbook Series Laptops

Circular Smart Rings Offer Early Detection of Sickness Symptoms
Consumer Electronics

Circular Smart Rings Offer Early Detection of Sickness Symptoms

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

be quiet! Pure Base 501

be quiet! Pure Base 501

Terramaster F8-SSD

Terramaster F8-SSD

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