Broadcom to Acquire NetLogic Microsystems for $3.7 Billion

Network chip maker Broadcom announced it has entered into a definitive agreement to purchase NetLogic Microsystems for $50 a share, making the deal worth approximately $3.7 billion and ranking as Broadcom's biggest acquisition to date. NetLogic is a fabless semiconductor company that specializes in high-performance processors for communication and media rich applications.
Broadcom's hefty cash investment is intended to beef up the company's infrastructure portfolio and sidestep having to develop its own complimentary chips for tasks like inspecting data packets and checking for security issues, according to The Wall Street Journal. By purchasing NetLogic, Broadcom CEO and President Scott McG... »read more

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