Shares of Symantec Corp.
SYMC, + 0.18%
jumped more than 20% in retrospect on Tuesday after a report the security software company targeted for a acquisition of Broadcom Inc.
Bloomberg News reported Tuesday afternoon that Broadcom is in "advanced calls" to buy Symantec, and an agreement could be reached within weeks, according to anonymous sources. No potential purchase price was reported. Symantec has suffered, with the latest hit coming in May, the resignation of its CEO in battle with his business security business. Chip maker Broadcom was blocked by the US government from buying Qualcomm Inc.