Broadcom to acquire Symantec Enterprise security business for $10.7 billion in cashChristian Fernsby ▼ | August 9, 2019
Broadcom announced an agreement to acquire the enterprise security business of Symantec Corporation for $10.7 billion in cash.
Acquisition Symantec Corporation
The transaction is expected to drive more than $2 billion of sustainable, incremental, run-rate revenues and approximately $1.3 billion of Pro Forma EBITDA, including synergies.
The transaction is expected to generate more than $1 billion of run-rate cost synergies within 12 months following close.
Additionally, Broadcom expects to achieve double-digit cash-on-cash returns on its investment. ■