The deal, expected to be announced after market’s close Thursday, could value the Symantec’s enterprise division at around $10 billion, sources said. Chipmaker Broadcom sees at least $1 billion in synergies, according to sources.
The two companies ceased deal negotiations in July as Symantec would not accept less than $28 a share, Faber previously reported. The Wall Street Journal first reported the new deal.
Broadcom bought CA Technologies for $19 billion last year and tried to purchase Qualcomm before the U.S. Department of Justice blocked the deal.