Avago Technologies to acquire Broadcom for $37B
FBN’s Ashley Webster breaks down the details of Avago Technologies’ acquisition of Broadcom.
Avago Technologies Ltd (NASDAQ:AVGO) said it would buy fellow chipmaker Broadcom Corp (NASDAQ:BRCM) in a cash-and-stock deal valued at $37 billion.
Avago, which makes chips for the wireless and industrial markets, is offering Broadcom shareholders $17 billion in cash and Avago shares valued at $20 billion.
(Reporting by Supantha Mukherjee in Bengaluru; Editing by Sriraj Kalluvila)