Broadcom Reportedly in Talks to Buy Symantec in Questionable Move Underscoring Foray Into Software
On July 2, Bloomberg reported that Broadcom is finalizing a deal to buy Symantec, with the Financial Times further reporting that the transaction would be for more than $15 billion. Nearly a year after announcing a deal to acquire CA Technologies for $18.9 billion, Broadcom is pursuing another software firm, thus solidifying its strategy of acquiring software in lieu of semiconductor or hardware firms. This potential tie-up bears an uncanny resemblance to the ill-fated Intel-McAfee combination i...Broadcom, via its subsidiaries, is a designer, developer and supplier of a range of semiconductor and infrastructure software solutions. The company develops semiconductor devices with a focus on digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products. The company provides products that are used in end products such as enterprise and data center networking, home connectivity, set-top boxes, broadband access, telecommunication equipment, smartphones and base stations, data center servers and storage systems, and factory automation. The company has three segments: semiconductor solutions, infrastructure software and intellectual property licensing.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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