Benzinga | Jul 12, 2021 02:38PM EDT

Broadcom In Talks To Purchase Enterprise Software Provider SAS Institute In $15-20B Deal: WSJ

* Broadcom Inc (NASDAQ:AVGO) is in discussions to acquire SAS Institute Inc in a bid to double down on enterprise software, the Wall Street Journal reports.

* A deal, which would value SAS in the range of $15 billion- $20 billion, could be finalized in the coming weeks.

* Broadcom held $9.5 billion in cash and equivalents as of May 2, 2021.

* Price action: AVGO shares traded higher by 0.83% at $484.12 on the last check Monday.