Friday, August 9th, 2019

Broadcom Plans to Acquire Symantec’s Enterprise Security Business
Press Release

The semiconductor and infrastructure software solutions company announced that it has entered into an agreement to acquire Symatec’s enterprise security business for $10.7 billion.

The all cash deal looks to help Broadcom expand its infrastructure footprint. The company stated in a press release that it expects the transaction to help drive over $2 billion in “sustainable, incremental, run-rate revenues and approximately $1.3 billion of Pro Forma EBITDA”.

Adidas Shares an Update on its Second Quarter Performance
Press Release

The sportswear company announced a few updates to its Q2 performance which include an increase in currency neutral revenues of 4%, growth in most market segments, and its net income from continuing operations increased 10% to € 462 million.

The company cites sales in greater China and through its eCommerce channels as one of a few driving forces in its growth in the quarter.

Postmates Teams up with the Los Angeles Dodgers
Company Blog Post

The on-demand delivery company announced that it has entered into an exclusive partnership with the professional baseball team.

The company stated that it’s introducing Postmates Live, a service that lets customers skip the line on concessions orders placed in Dodger Stadium.