Chip maker giant Broadcom has raised $15bn (€13.4bn) for the acquisition of cybersecurity software vendor Symantec, according to Bloomberg.
The Singapore-based firm is said to be considering an all-cash deal that could value its target at "more than $22bn, including debt".
Sources have told Bloomberg that a deal could be reached in mid-July.
Shares of Symantec rose by more than four per cent at their peak on Monday after reports first broke.
Symantec is currently without a permanent CEO, following the sudden departure of Greg Clarke two months ago.
Interim CEO Richard Hill is having to contend with a company under pressure from investors, after it recently issued a profit warning.
Symantec logged Q4 sales of $1.19bn, down 16.5 per cent year on year, disappointing Wall Street.
Hill was formerly the CEO of semiconductor maker Novellus Systems.
Broadcom's CEO Hock Tan is well known to investors as an acquisitive leader.
The Malaysian made Broadcom's first foray into software last July, paying $18.9bn in cash for mainframe software firm CA Technologies.
Also last year, Tan made several failed attempts to consolidate the market further by buying US rival Qualcomm.
If successful, it would have been the largest ever tech merger.
His $117bn takeover bid was blocked by President Trump, on the grounds of national security concerns.
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