$16bn slapped on table by Permira and Advent – reports
Symantec shares have jumped almost 5 per cent following reports that it is close to offloading its consumer business to a pair of private equity investors.
Exactly a month ago, Symantec confirmed the sale of its enterprise business and brand name to chip firm Broadcom for $10.7bn. Early negotiations put a price tag of $15.5bn on the security firm but Broadcom balked at such a bill.
According to the Wall Street Journal, Symantec is edging closer to agreeing a $16bn deal to sell its consumer bu ..