Broadcom Is Said to Be in Advanced Talks to Acquire Symantec (3)

Broadcom Inc. is in advanced talks to buy cybersecurity firm Symantec Corp., according to people familiar with the matter, seeking a further expansion into the more profitable software business.

Broadcom could reach an agreement to buy the Mountain View, California-based company within weeks, said the people, who asked to not be identified because the matter isn’t public. No deal has been finalized and the talks could fall through, the people said.

A representative for Symantec declined to comment. A representative for Broadcom didn’t immediately respond to a request for comment.

Symantec’s shares rose 18% in premarket trading July 3 in ...