- Broadcom Inc AVGO is in discussions to acquire SAS Institute Inc in a bid to double down on enterprise software, the Wall Street Journal reports.
- A deal, which would value SAS in the range of $15 billion- $20 billion, could be finalized in the coming weeks.
- Broadcom held $9.5 billion in cash and equivalents as of May 2, 2021.
- Price action: AVGO shares traded higher by 0.83% at $484.12 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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