Broadcom laid down a $10.7 billion bet in buying Symantec's enterprise security software. While some are optimistic, security experts predict another Intel-McAfee deal.
Chipmaker Broadcom Inc. continued its quest to buy its way into the software market with the acquisition of Symantec's enterprise security business in a straight cash deal for $10.7 billion.
The Broadcom-Symantec deal is the second software acquisition Broadcom has made in less than a year. The first was its $18.9 billion takeover of CA Technologies, a 40-year-old company best known for its mainframe software, although the company was in the process of refocusing its business on a number of cloud and open-source initiatives.
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