Broadcom Inc. is nearing an agreement to buy the division of Symantec Corp. that serves large corporate customers for roughly $10 billion in cash after talks for a full acquisition of the cybersecurity company failed, according to people familiar with the matter.
A deal for Symantec’s enterprise unit would come less than a month after the companies’ discussions for a full merger fell apart over disagreements about the price. Such a transaction would reshape Symantec to focus on its consumer-facing products, such as the LifeLock identity-protection brand and Norton anti-virus software.
