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Broadcom sells Symantec, its RF division could follow for $10bn

Broadcom is rarely out of the M&A headlines, and the main news is that one of its oddest acquisitions, of enterprise security firm Symantec, is to be sold on to Accenture, just five months after the deal was finalized. The price was not disclosed, but is thought to be less than the $10.7bn it paid – which may make a less high profile divestment, of its RF unit, a bigger windfall. The price of that operation could be as high as $10bn, reported The Wall Street Journal. During Broadcom’s full year earnings call at the end of last year, CEO Hock Tan said that its wireless and industrial businesses were “standalone” and no longer “core”. Since the failure of the…

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