Broadcom has confirmed the acquisition of the enterprise division of veteran security specialist Symantec, for a hefty $10.7bn ($8.8bn) in cash.
The acquisitions continues Broadcom’s efforts to reinvent itself as “one of the world’s leading infrastructure technology companies”.
Earlier this week it had been reported that Broadcom was once again its “advanced talks” to acquire Symantec, but only its enterprise business division this time.
Broadcom’s attempt to acquire Symantec entirely collapsed in mid July, after the two firms were reportedly unable to reach agreement on the acquisition price for the whole of Symantec.
The firms had reportedly been in “advanced talks” about the acquisition weeks prior to that, and the deal had expected to be announced in late July.
But now Broadcom has confirmed that it is to acquire the enterprise security business of Symantec.
At the beginning of July, share price in Symantec surged north as the rumour mill started turning.
It was nothing but gossip at the time, though the first rumours have turned out to be true.
Broadcom is not giving-up on semiconductors whatsoever, but it is diversifying the revenue streams.
Adding Symantec into the mix simply continues the drive towards enterprise IT.
Looking at the investor presentation, in two and a half years Broadcom has undergone considerable evolution.
After the closure of the Symantec acquisition, semiconductors will account for 71% of the total revenues, with software solutions taking the remaining 29%.
Instagram users will soon be able to chat with those of Facebook Messenger.
It has been several months since the announcement of the merger of the two applications with WhatsApp.
According to the Bloomberg website, Facebook is developing a new instant messaging module for Instagram that signals the end of its independence.
Towards the merger of Instagram and Facebook Messenger messaging
This information is not at all surprising.
On the one hand, because a merge of Instagram, Messenger, and Whatsapp was confirmed by Facebook earlier this year and it will be effective in 2020.
At the beginning of July, share price in Symantec surged north as the rumour mill started turning.
It was nothing but gossip at the time, though the first rumours have turned out to be true.
Broadcom is not giving-up on semiconductors whatsoever, but it is diversifying the revenue streams.
Adding Symantec into the mix simply continues the drive towards enterprise IT.
Looking at the investor presentation, in two and a half years Broadcom has undergone considerable evolution.
After the closure of the Symantec acquisition, semiconductors will account for 71% of the total revenues, with software solutions taking the remaining 29%.
Instagram users will soon be able to chat with those of Facebook Messenger.
It has been several months since the announcement of the merger of the two applications with WhatsApp.
According to the Bloomberg website, Facebook is developing a new instant messaging module for Instagram that signals the end of its independence.
Towards the merger of Instagram and Facebook Messenger messaging
This information is not at all surprising.
On the one hand, because a merge of Instagram, Messenger, and Whatsapp was confirmed by Facebook earlier this year and it will be effective in 2020.
