0
General

Broadcom, Avago complete merger

Tuesday 2 February 2016 | 13:42 CET | News
Broadcom and Avago Technologies have completed their merger. The last day of trading for Avago shares was 29 January, and the new company Broadcom Limited started trading on 01 February. The takeover of Broadcom by Avago was first announced in May 2015 for USD 37 billion in cash and shares.  The new company with annual revenues of USD 15 billion offers a complete range of semiconductor products for the fixed and wireless communications industries. Avago's CEO Hock Tan will lead the combined company.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: General
Companies: Avago Technologies / Broadcom
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Broadcom confirms USD 130 billion bid for Qualcomm

Published 06 Nov 2017 15:51 CET | World
Qualcomm said it has indeed received an acquisition bid from Broadcom worth USD 60 cash and USD 10 in Broadcom stock per share. ...

Broadcom confirms takeover of Brocade for USD 5.9 bln

Published 02 Nov 2016 13:06 CET | World
Broadcom has confirmed an agreement to acquire Brocade for USD 5.9 billion, expanding its position in the Fiber Channel SAN ...

Qualcomm in talks to buy NXP Semiconductors - report

Published 30 Sep 2016 08:51 CET | World
Qualcomm is in talks to acquire NXP Semiconductors for over USD 30 billion. The companies could strike an agreement in the next ...

Cypress koopt IoT-divisie van Broadcom

Published 29 Apr 2016 14:05 CET | World
De Amerikaanse chipmaker Cypress Semiconductor neemt voor 550 miljoen dollar de IoT-activiteiten over van Broadcom. Naast de ...

Cypress to acquire Broadcom's Wireless IoT ops

Published 29 Apr 2016 09:20 CET | World
Cypress Semiconductor has agreed to acquire Broadcom 's Wireless Internet of Things (IoT) business and related assets in an ...

Global semiconductor market contracts 2.7% in 2015

Published 05 Apr 2016 10:49 CET | World
Global semiconductor revenues fell by 2 percent in 2015 to USD 347.3 billion, according to IHS. The market researcher said ...

Broadcom revenue up 8% to USD 1.8 bln in fiscal Q1

Published 04 Mar 2016 11:23 CET | World
Broadcom saw its net revenue for the first fiscal quarter to 31 January increase 8 percent to USD 1.771 billion, and its gross ...

EU approves Avago takeover of Broadcom

Published 24 Nov 2015 09:52 CET | Europe
The European Commission has approved the acquisition of Broadcom by Avago Technologies. The Commission said it concluded that the ...

Broadcom shareholders approve takeover by Avago

Published 11 Nov 2015 08:48 CET | World
Shareholders of Broadcom approved at a special meeting the company's takeover by Avago Technologies. Closing of the deal still ...

Avago agrees Broadcom takeover for USD 37 bln

Published 28 May 2015 15:00 CET | World
Avago Technologies confirmed an agreement to acquire Broadcom for USD 37 billion in cash and shares. The latest merger in the ...