Broadcom acquires $10.7 billion stake in¬†Symantec’s enterprise security portfolio

Broadcom is buying Symantec’s enterprise security business for $10.7 billion, the companies announced Thursday. The deal effectively splits Symantec in two, with Broadcom taking ownership of its entire enterprise security portfolio and the Symantec brand name. Symantec will retain its consumer-facing product portfolio, which includes the the LifeLock identity-protection brand and Norton antivirus software. The …