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.