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US: Wi-Fi chip maker Broadcom to be acquired in a $37 billion deal

By  |  May 28, 2015

Avago Technologies has agreed to buy Broadcom in a deal that will create a networking chip giant with a wide variety of products.

It has offered US $37 billion for Broadcom, including $17 billion in cash and equity valued at approximately $20 billion, it said on Thursday. The combined company will offer products for wired and wireless networks.

Both companies’ chips are found in power-line and wireless networks. Avago also makes chips for optical networks, while Broadcom’s are used in routers, connected-home and car equipment, and IoT devices.

The companies expect to close the deal by next April, subject to approval from their shareholders and regulators.

 

Full content: The New York Times

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