I has been reported today that Broadcom the semiconductor company that was formed over 23 years ago and is among Gartner’s Top 10 Semiconductor Vendors by revenue and is more recently known for producing the chips that are included in the Raspberry Pi mini PC.
Will be purchased by chip manufacturer Avago Technologies for a massive $37 billion, making the acqusision the biggest tech deal ever, valuing the combined companies at $77 billion, says Bloomberg.
The new company would be the 6th largest semiconductor company, behind other such as Intel, Samsung, TSMC, Qualcomm, and Micron. The new company is to be called Broadcom Ltd. and will be headed by Avago CEO Hock Tan.
Avago Technologies Ltd. has agreed to buy rival Broadcom Corp. for $37 billion in cash and stock.
Source: Liliputing : WSJ
Filed Under: Technology News