Semiconductor company Broadcom (Nasdaq: AVGO) is in discussions to acquire SAS Institute in a transaction that would give the software firm an enterprise value of $15 billion to $20 billion, The Wall Street Journal reported Monday.
News of a potential deal comes as Broadcom, which has a market value of nearly $200 billion, works to expand its presence in the enterprise software market.
Cary, North Carolina-based SAS, which was incorporated in 1976, offers business intelligence, data management and analytics software. Co-founders Jim Goodnight and John Sall still run the company that has over 12,000 employees and clients worldwide.
WSJ cited sources that say both parties could finalize a deal in the coming weeks.
The latest move came three years after Broadcom bought software company CA Technologies for approximately $18.9 billion in cash.