Henry Samueli

Henry Samueli

Get the latest OC business and Coronavirus updates

Broadcom Inc., chaired by well-known OC entrepreneur Henry Samueli, is in talks to buy SAS Institute Inc. for about $15 billion to $20 billion, the Wall Street Journal reported, citing unidentified people familiar with the matter.
The acquisition would help the chipmaker beef up its enterprise software, the WSJ said.
Broadcom has a market value of nearly $200 billion after its shares have risen around 50% over the past year.
The publication said Broadcom’s been seeking more deals since 2018 when former President Trump blocked its quest to buy rival Qualcomm Inc., citing security risks. Broadcom has since moved its headquarters from Singapore to San Jose.
Samueli, who co-founded Broadcom in 1991, is also the owner of the Anaheim Ducks and is developing real estate around its hockey arena in that city.