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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.