Aug 8, 2019

Broadcom to buy Symantec unit for $10.7 billion

Illustration: Aïda Amer/Axios

Broadcom on Thursday said it will buy Symantec's enterprise security business for $10.7 billion in cash. This comes just weeks after Broadcom ended talks about buying Symantec in its entirety.

The bottom line: Symantec is the world's largest provider of cybersecurity software, while Broadcom is seeking to expand beyond its core competency of chips.

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WeWork files for long-awaited IPO

Illustration: Rebecca Zisser/Axios

WeWork on Wednesday filed to raise $1 billion in an initial public offering, although the ultimate offering amount is expected to be at least three times larger.

My thought bubble: There is a ton of investor skepticism over WeWork's business model, with expectations that it could receive Tesla-like treatment from public shorts. That's one reason why the company plans to increase its cash cushion by securing a $6 billion credit facility in conjunction with the IPO.

FinancialsArrowUpdated Aug 14, 2019

Dime-a-dozen ransomware attacks could mess with elections

Illustration: Aïda Amer/Axios

State and city election boards have spent the better part of 3 years hardening their systems for a 2020 hacker invasion. Yet all that work may not be enough to keep out ransomware.

Driving the news: On Monday, Reuters was first to report that the Department of Homeland Security would begin helping elections officials prepare for ransomware attacks.

Go deeperArrowAug 29, 2019

Tariffs threaten to reshape tech industry

Illustration: Lazaro Gamio/Axios

Even as businesses continue to protest the growing U.S.-China trade war, the tariffs are already causing companies in both countries to rethink how and where they do business.

Why it matters: For all their differences, the U.S. and Chinese tech industries remain very interdependent — each country contributes a great deal of business to the other's economy.

Go deeperArrowAug 29, 2019