AAPL Stock: 118.03 ( -0.85 )

Printed from

Broadcom buys NetLogic to grow its chip variety

updated 11:45 am EDT, Mon September 12, 2011

Heats up competition in communications segment

Broadcom Corporation announced that it will acquire NetLogic Microsystems, Inc, subject to regulatory approval and NetLogic stockholders. The boards of directors of both companies have approved the deal. The acquisition gives Broadcom added depth, which it intends to use to provide integrated solutions for the networking, mobile computing and smartphone segments of the communications industry.

Broadcom and NetLogic Microsystems held a webcast with analysts and investors to discuss the proposed acquisition at 5:00am Pacific Time. The webcast was recorded and will be available at the investors section of the Broadcom website until 10:00pm Pacific Time on October 12 2011.

The companies agreed to a price of $50 per share of NetLogic stock. The buyout is worth approximately $3.7 billion. The sale should close in the first half of 2012.

by MacNN Staff



Login Here

Not a member of the MacNN forums? Register now for free.


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Ultimate Ears Megaboom Bluetooth Speaker

Ultimate Ears (now owned by Logitech) has found great success in the marketplace with its "Boom" series of Bluetooth speakers, a mod ...

Kinivo URBN Premium Bluetooth Headphones

We love music, and we're willing to bet that you do, too. If you're like us, you probably spend a good portion of your time wearing ...

Jamstik+ MIDI Controller

For a long time the MIDI world has been dominated by keyboard-inspired controllers. Times are changing however, and we are slowly star ...


Most Commented