Broadcom in Talks To Buy Software Firm SAS

Broadcom is in talks to buy SAS, WSJ reported Monday, citing people familiar with the matter, in the latest move by the acquisitive technology giant to beef up in enterprise software. From the report: 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.

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