Broadcom is edging towards a deal for Symantec's enterprise business, according to the Wall Street Journal.
Talks of a takeover for the whole of Symantec reportedly stalled last month, with reports suggesting that the two could not agree on a valuation.
The Wall Street Journal has now claimed that a $10bn deal for just the enterprise arm of Symantec could be announced as early as today, citing sources.
Symantec announced its full-year numbers in May, with sales for the period ending 29 March 2019 falling two per cent to $4.7bn.
The vendor's consumer security arm is slightly larger than the enterprise division, contributing $2.4bn of the total revenue figure.
Symantec's share price rose over 14 per cent in after-hours trading.
Initial reports last month said that Broadcom was after Symantec to continue its bold move into the software market, after it completed its blockbuster $18.9bn deal for CA Technologies.
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