Broadcom Said to Be in Talks for SAS, Raising Software Bet
- CEO Hock Tan has taken chipmaker increasingly into new market
- Target SAS is closely held maker of analytics software
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Broadcom Inc., one of the world’s largest chipmakers, is in talks to acquire closely held software company SAS Institute Inc., according to a person familiar with the matter.
A deal, which would value the software maker at $15 billion to $20 billion, may be reached in the coming weeks, said the person, who asked to not be identified because the matter isn’t public. No final decision has been made and the talks could end without a purchase, the person said.