Broadcom in Talks to Buy Software Firm SAS as high as $20 billion
Broadcom Inc. 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. in 2018, citing security risks. Broadcom has since moved its headquarters from Singapore to the U.S.
Broadcom Chief Executive Hock Tan has been focused on diversifying beyond the company’s core chip business and pushing into the lucrative software arena. In 2018, he struck a roughly $19 billion deal to buy software firm CA Technologies, formerly Computer Associates. The following year, Broadcom agreed to buy Symantec Corp.’s enterprise business for roughly $10.7 billion.
Cary, N.C.-based SAS sells analytics, business intelligence and data-management software. It traces its roots back to the 1960s, when universities teamed up to analyze troves of agricultural data through a program called the Statistical Analysis System, according to its website. Incorporated in 1976, the company now has over 12,000 employees and customers around the world. It is still run by co-founders Jim Goodnight and John Sall.
The latest potential deal comes as large potential mergers and acquisitions have been thrown into question, especially in the technology sector, as executives and deal makers monitor the Biden administration’s plans to curb industry consolidation and be tougher on tech giants.
OVERVIEW
OnMyWay Is The #1 Distracted Driving Mobile App In The Nation!
Social Responsibility by OnMyWay Is The ONLY Platform That Enables Any Organization The Ability To Start a “Social Responsibility Campaign” With Just One Click…
Any Company, School, Organization, City, Town or Small Business… Any Size, Anywhere, Can Start a Social Responsibility Campaign Immediately.
Enhance sales by as much as 20%
–
Increase productivity by 13%
–
Reduce employee turnover by half
–
Protect against litigation risk at a value equivalent to the cost of insurance worth up to 4% of the company’s value
–
Increase the company’s share price by up to 6%
–
Create a “reputation dividend’ worth up to 11% of market capitalization
In The Last 18 Months Alone, We Have Saved 163 Lives and Prevented Over 24,851 Car Crashes, So Our Non-Profit Company Can Actually Show Tangible Results and Impact Your Community In a Way Never Thought Possible.
Every Campaign Includes English and Spanish Radio Ads and Monthly Press Releases Written and Distributed In English and Spanish.
This Is To Further Our Commitment To Leave No Man, Woman Or Child Behind In Our Mission To Save Lives and Prevent Car Crashes.
Our Focus Is On Diversity and Inclusion While Saving Lives and Preventing Car Crashes!
We Have A Proven Solution And With The Help Of Organizations Like Yours, We Can Eradicate The Texting and Driving Problem and Keep Our Families Safe!
The OnMyWay Texting And Driving Foundation – A 501(c)(3) organization
The OnMyWay app is free to download and is currently available on both the App Store for iPhones and Google Play for Android @ OnMyWay; Drive Safe, Get Paid
Download App Now – https://r.onmyway.com
Sponsors and advertisers can contact the company directly through their website @ www.onmyway.com.