Hello, Guest!
  • Tuesday, November 19, 2024

Report: Broadcom in Acquisition Talks With SAS Institute

Semiconductor company Broadcom (Nasdaq: AVGO) is in discussions to acquire SAS Institute in a transaction that would give the software firm an enterprise value of $15 billion to $20 billion, The Wall Street Journal reported Monday.

News of a potential deal comes as Broadcom, which has a market value of nearly $200 billion, works to expand its presence in the enterprise software market.

Cary, North Carolina-based SAS, which was incorporated in 1976, offers business intelligence, data management and analytics software. Co-founders Jim Goodnight and John Sall still run the company that has over 12,000 employees and clients worldwide.

WSJ cited sources that say both parties could finalize a deal in the coming weeks.

The latest move came three years after Broadcom bought software company CA Technologies for approximately $18.9 billion in cash.

Video of the Day

Related Articles

RTX Books $344M Standard Missile Production Contract Contract Awards

RTX Books $344M Standard Missile Production Contract

Raytheon, a subsidiary of RTX (NYSE: RTX), has received a $344 million contract to build and deliver two Standard Missile variants with a common guidance section to U.S. and international military customers. The company said Thursday it will produce the SM-2 Block IIICU and SM-6 Block IU missiles on a common production line for the

VTG Acquires Digital Transformation Services Provider Vana Solutions; John Hassoun Quoted M&A Activity

VTG Acquires Digital Transformation Services Provider Vana Solutions; John Hassoun Quoted

VTG has moved to expand its portfolio of digital transformation platforms and cloud services for defense and intelligence community customers through its acquisition of Vana Solutions. Vana Solutions is a Dayton, Ohio-based company founded by Srujal Sheth and Sunit Sheth in 2005 and is focused on delivering cloud services, advanced analytics, data fabric platforms and

Kristen McLeod Promoted to Calibre Systems EVP, CFO Executive Moves

Kristen McLeod Promoted to Calibre Systems EVP, CFO

Kristen McLeod, most recently senior vice president of finance and accounting and controller at Calibre Systems, has assumed the roles of executive VP and chief financial officer at the Alexandria, Virginia-based management consulting and digital transformation company. In this capacity, she will serve as a corporate officer and fiscal strategist and continue to offer insights