CARY, N.C. (WNCN) — Broadcom Inc. is in talks to buy Cary-based SAS for up to $20 billion, the Wall Street Journal reports.
WSJ reports the deal could be finalized in the coming weeks.
Broadcom is a semiconductor maker that the Wall Street Journal said has been built largely through acquisitions.
Broadcom moved its headquarters from Singapore to the U.S. in the wake of then-President Donald Trump denying the company’s bid to acquire rival Qualcomm in 2018.
SAS has its global headquarters in Cary and employs more than 12,000 worldwide – 5,000 of those employees work in Cary.
SAS was founded at North Carolina State University in the 1970s in part by current CEO James Goodnight.
CBS 17 will update this story as it develops.