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Broadcom to Acquire Symantec Enterprise Security Business for $10.7 Billion in Cash

Broadcom to acquire Symantec’s enterprise security business for $10.7 billion in cash. Broadcom also reaffirmed its fiscal year 2019 revenue guidance of $22.5 billion. The transaction is expected to drive more than $2 billion of incremental, incremental, run-rate revenues and approximately $1.3 billion of Pro Forma EBITDA, including synergies. The company expects to achieve double-digit cash-on-cash returns on its investment investment. The deal is subject to regulatory approvals in the U.S., EU and Japan and other customary closing conditions.”]

Source: https://investors.broadcom.com/news-releases/news-release-details/broadcom-acquire-symantec-enterprise-security-business-107

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