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Broadcom-Symantec Enterprise Deal: How It Came To Be, What Will Happen Now

Here's a deep dive into why Broadcom plans to buy Symantec’s enterprise security business for $10.7 billion and how Broadcom plans to improve the profitability and go-to-market strategy of the underperforming business.

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End Of An Era

Symantec plans to break up its consumer and enterprise businesses after nearly three decades together with the planned sale of its struggling enterprise security division to Broadcom for $10.7 billion. Symantec's stock is up 14.6 percent to $23.40 per share since news of the deal first broke late Wednesday, while Broadcom's stock is down 0.4 percent to $269 per share over that same time period.

Thursday's news of the deal capped off more than a month of speculation over the future of Mountain View, Calif.-based Symantec. Media reports in early July indicated that Broadcom was looking to buy both Symantec's enterprise and consumer businesses, but the deal reportedly fell apart less than two weeks later when Symantec made it clear that an offer of less than $28 per share would be refused.

The deal is one of the largest in cybersecurity history, and may create an opening for competitors that are either dedicated to customers outside the Global 2000 or focused on practices like email security, network security, managed security services, or consulting.

Here's a deep dive into why Broadcom plans to buy Symantec’s enterprise security business, and how Broadcom plans to go about improving the profitability and go-to-market execution of the underperforming segment.

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