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.
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.
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.
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.