Broadcom Agrees to Acquire Beceem
Broadcom today announced its intent to acquire Beceem for approximately $316 million in cash. Beceem is a privately held company that makes and markets WiMax and Long Term Evolution equipment. It recently announced a new multi-mode platform that supports both the WiMax and LTE standards. The acquisition will allow Broadcom to bring 4G technology and products to market sooner. Broadcom now offers a wide range of 2G, 3G, 4G, Wi-Fi, Bluetooth, and GPS chips and solutions for hardware makers and network operators.
Broadcom to Cut Up to 1,900 Jobs
Broadcom Limited said it plans to reduce its headcount by about 1,900 jobs. The cuts will be made across Broadcom's global facilities and the company expects to take a charge of $650 million to cover the cost of the cuts.
Avago to Buy Broadcom for $37 Billion
Avago Technologies today said it plans to acquire Broadcom for $37 billion. Avago is offering Broadcom's shareholders $17 billion in cash and $20 billion in Avago stock.
Avago Technologies May Buy Broadcom
Avago Technologies is in advanced talks to acquire Broadcom, reports the Wall Street Journal. Terms of the deal are not yet available, and the Journal's sources say the deal may not be signed.
Qualcomm Rejects Broadcom's Attempt to Replace Board
Qualcomm today said it won't entertain the idea of replacing its board of directors with substitutes nominated by Broadcom. Earlier this month, Broadcom nominated 11 people to Qualcomm's board of directors.
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