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Avago eyes bid for Xilinx, Renesas or Maxim - report

Friday 15 May 2015 | 10:16 CET | News
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Avago Technologies is looking to acquire a fellow chip maker and has reached out to potential targets including Xilinx, Renesas Electronics and Maxim Integrated Products, people familiar with the matter told Reuters. Avago is working with investment banks and could spend more than USD 10 billion on a potential takeover, the report said. None of the three approaches has yet led to advanced deal discussions, in part because of Avago's fear of overpaying, according to the sources. Avago has also spoken to private equity firm Silver Lake Partners about partnering in a potential acquisition.

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Categories: General
Companies: Avago Technologies / Freescale Semiconductor / Maxim Integrated Products / NXP Semiconductors / Renesas Electronics / Xilinx
Countries: World
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