Avago to Buy Up Broadcom in $37 Billion Deal


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.

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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)

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