Are Avago and Broadcom the same?
Are Avago and Broadcom the same?
Under the terms of the definitive agreement, Avago will acquire Broadcom for $17 billion in cash consideration and the economic equivalent of approximately 140 million Avago ordinary shares, valued at $20 billion as of May 27, 2015 , resulting in Broadcom shareholders owning approximately 32% of the combined company.
When did Avago become Broadcom?
May 28, 2015
On May 28, 2015 chip maker Avago Technologies Ltd. agreed to buy Broadcom Corp. for $37 billion in cash and stock. At closing, which completed on February 1, 2016, Broadcom shareholders held 32% of the new Singapore-based company to be called Broadcom Limited.
How did Avago buy Broadcom?
In February 2015, it was announced that Avago Technologies Limited had reached an agreement to acquire Emulex Corporation for $8 per share in cash. On 28 May 2015, Avago announced that it would buy Broadcom Corporation for $37 billion ($17 billion cash and $20 billion in shares).
Does Intel own Broadcom?
Intel is all set to acquire Broadcom in order to prevent the American Semiconductor manufacture from getting into a merger deal with Qualcomm- all a part of a defensive strategy to prevent the creation of a powerhouse competitor.
Is Broadcom an Apple supplier?
Apple uses Broadcom components in many of its devices, such as its Wi-Fi chips – and that may include the Apple TV. However, the complaint is focused on the relationship between Broadcom and OEMs and service providers like AT, Comast, Verizon, etc.
Who owns Brocade now?
Broadcom Inc
Brocade Communications Systems/Parent organizations
What did Broadcom and Avago Technologies Limited announce?
SINGAPORE and IRVINE, Calif., May 28, 2015 (GLOBE NEWSWIRE) — Avago Technologies Limited (Nasdaq:AVGO) and Broadcom Corporation (Nasdaq:BRCM) today announced that they have entered into a definitive agreement under which Avago will acquire Broadcom in a cash and stock transaction that values the combined company at $77 billion in enterprise value.
Where is Broadcom headquarters located?
The company is headquartered in San Jose, California. Avago Technologies Limited took the Broadcom part of the Broadcom Corporation name after acquiring it in January 2016. The ticker symbol AVGO that represented old Avago now represents the new merged entity.
Does Avago Technologies own Amantys?
In October 2013, Avago Technologies invested $5 million in Amantys, a power electronics technology provider, as part of a strategic investment agreement between the two companies. Avago Technologies announced its agreement to acquire LSI Corporation in December 2013 for $6.6 billion.
What does Broadcom do for a living?
Broadcom Inc. Broadcom Inc. (formerly Avago Technologies) is a designer, developer and global supplier of products based on analog and digital semiconductor technologies within four primary markets: wired infrastructure, wireless communications, enterprise storage, and industrial & others. Tan Hock Eng is the company’s president and CEO.
