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Posts tagged AVGO

K. Liu's Week in Review

After an on-again, off-again courtship, Broadcom (AVGO) and Symantec (SYMC) finally sealed the deal, albeit on a more limited basis than first rumored. Rather than acquiring the company outright, Broadcom will acquire Symantec’s Enterprise Security assets, including the Symantec brand, for $10.7 billion in cash.

Software IndustryKevin LiuAugust 9, 2019AAXN, ABT-CA, ALTR, ANSS, APPN, ASUR, AVGO, AVLR, AYX, AZPN, BL, BNFT, CDAY, CRM, CSOD, CYBR, DBX, ECOM, EVBG, FSLY, GWRE, HUBS, NEWR, NICE, NUAN, PEGA, PLAN, QUOT, SAIL, SHSP, SNCR, SOFO, SSTI, SSTK, STMP, SYMC, TLND, UPLD, WK, YEXT, ZM

K. Liu's Week in Review

Deal or no deal? Following earlier reports that Broadcom (AVGO) was close to acquiring Symantec (SYMC), headlines this week suggested the companies were at an impasse with Bloomberg reporting that Broadcom sought to reduce its bid for Symantec by over $1.50 per share from an agreed-upon price of $28.25 per share. Per CNBC, Symantec is unwilling to accept less than $28.00 per share.

Software IndustryKevin LiuJuly 19, 2019CRWD, MSFT, SAP, SHSP, ANSS, FIVN, PTC, AVGO, SYMC

K. Liu's Week in Review

Coming off a holiday-shortened week in which Broadcom (AVGO) was reportedly close to acquiring Symantec (SYMC) for north of $15 billion and subsequently rumored to also be considering a deal for privately-held Tibco, we expected more fireworks this week.

Software IndustryKevin LiuJuly 12, 2019AVGO, AZPN, BNFT, EXFO, MSTR, NTCT, NTNX, ORCL, PANW, SYMC