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Broadcom Inc.
AVGO,
is in talks to buy SAS Institute Inc., according to people familiar with the matter, in the latest move by the acquisitive technology giant to beef up in enterprise software.
A deal, which would value closely held SAS in the range of $15 billion to $20 billion, could be finalized in the coming weeks assuming the talks don’t fall apart, the people said. That number is so-called enterprise value, some of the people said, which typically includes assumed debt and is adjusted for cash on the target’s balance sheet.
Broadcom has a market value of nearly $200 billion after its shares have risen around 50% over the past year.
Broadcom, a semiconductor powerhouse built largely through acquisitions, has been on the hunt for more deals since former President Trump blocked its quest to buy rival Qualcomm Inc
QCOM,
in 2018, citing security risks. Broadcom has since moved its headquarters from Singapore to the U.S.
An expanded version of this article appears on WSJ.com.
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