The antivirus company formerly known as Symantec has officially renamed itself NortonLifeLock. On Monday, the company completed its sale of the Symantec brand and enterprise cybersecurity business to Broadcom as part of a $10.7 billion deal announced in August.

Broadcom is buying Symantec's enterprise security business for $10.7 billion, the companies announced Thursday. The deal effectively splits Symantec in two, with Broadcom taking ownership of its entire enterprise security portfolio and the Symantec brand name.

Chipmaker Broadcom formally announced its acquisition of Symantec's enterprise business after the closing bell on Thursday. Broadcom is paying $10.7 billion in cash, according to a statement. Broadcom stock moved up 1% in after-hours trading immediately following the announcement.