Avago To Buy Broadcom For $37 Billion As Semiconductor Dealmaking Heats Up
BySemiconductor Avago Technologies has inked a deal to buy competitor Broadcom BRCM -1.52% for $37 billion in cash and stock, as chipmakers for computers, smartphones, and connected devices ranging from automobiles to industrial equipment and wireless networks consolidate, pooling their technology and specialties. The merger of Avago and Broadcom will combine two leaders in wired and wireless communication semiconductors.
Avago will pay Broadcom shareholders $17 billion in cash and 140 million of its shares, valued at $20 billion as of May 27, resulting in a purchase price of about $37 billion. The cash and stock deal will give current Broadcom investors a 32% stake in the combined company, which is expected to have annual revenues of $15 billion and an enterprise value of $77 billion…
Avago To Buy Broadcom For $37 Billion As Semiconductor Dealmaking Heats Up
