Broadcom confirms takeover of Brocade for USD 5.9 bln

Wednesday 2 November 2016 | 13:06 CET | News
Broadcom has confirmed an agreement to acquire Brocade for USD 5.9 billion, expanding its position in the Fiber Channel SAN market. The company is offering USD 12.75 per share cash for Brocade and will also assume USD 0.4 billion in debt. The bid is a 47 percent premium on Brocade's share price of 28 October, the day before reports first emerged of a possible deal. The takeover is focused on acquiring Brocade's Fiber Channel business, as Broadcom plans to sell Brocade's IP Networking business.

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.


Already registered?

Categories: Fixed / IT
Companies: Avago Technologies / Broadcom / Brocade
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.


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 contemplating USD 100 bln bid for Qualcomm - report

Published 03 Nov 2017 20:07 CET | World
Broadcom is speaking to advisers about the possible acquisition of Qualcomm, Bloomberg reported, with sources saying the bid ...

Broadcom again delays takeover of Brocade, sells some data centre ops to Extreme

Published 03 Oct 2017 14:53 CET | World
Broadcom has again delayed the closing of its planned takeover of Brocade, as it awaits clearance by US regulators. The deal is ...

Broadcom delays closing of Brocade acquisition

Published 19 Jul 2017 09:22 CET | United States
Broadcom has delayed the closing of its planned takeover of Brocade, as it awaits clearance by US regulators. The deadline for ...

Broadcom agrees firewall with FTC for Brocade takeover

Published 04 Jul 2017 13:28 CET | World
Broadcom has agreed to set up an internal firewall with the acquired activities from Brocade in order to ensure competition in ...

Hitachi Data Systems to take over Brocade federal contracts

Published 28 Jun 2017 11:08 CET | United States
Hitachi Data Systems has agreed to take over employees from Brocade certified to work on US federal government contracts. The ...

AT&T to buy Brocade's Vyatta assets including OS and vRouter

Published 05 Jun 2017 08:36 CET | World
AT&T has announced an agreement to buy the Vyatta assets of Brocade Communications, including the Vyatta network operating system ...

Extreme to acquire Brocade data centre switch business

Published 30 Mar 2017 08:46 CET | World
Broadcom is selling more assets as part of its merger with Brocade. The company agreed to sell Brocade's data centre switching, ...

Broadcom quarterly results top expectations

Published 02 Mar 2017 09:18 CET | World
Broadcom reported revenues for its fiscal frist quarter to January of USD 4.139 billion, slightly higher than the USD 4.136 ...

Brocade revenue up 1% to USD 581 mln in fiscal Q1

Published 24 Feb 2017 12:53 CET | World
Brocade reported revenue in the fiscal quarter to 28 January up 1 percent to USD 581 million. The company reported a loss per ...

Arris to buy Ruckus Wireless for USD 800 million

Published 23 Feb 2017 08:52 CET | World
Broadcom announced an agreement to sell Ruckus Wireless and the Brocade ICX switch business to Arris for USD 800 million. The ...

Arris may buy Brocade network edge business - report

Published 17 Jan 2017 08:55 CET | World
Set-top box maker Arris is looking to take over Brocade's networking equipment operations for up to USD 1 billion, Reuters ...

Brocade revenue up 12% in fiscal Q4 to USD 657 mln

Published 22 Nov 2016 11:40 CET | World
Brocade reported revenue of USD 657 million in the fiscal Q4 to 29 October, an increase of 12 percent year-over-year. Diluted ...

Broadcom gets USD 6.5 bln bridge loan for Brocade purchase

Published 09 Nov 2016 09:48 CET | World
Broadcom will get financial backing of USD 6.5 billion for its acquisition of Brocade, provided by six banks, Reuters reported, ...

Broadcom neemt Brocade over voor 5,9 miljard dollar

Published 02 Nov 2016 16:17 CET | World
Broadcom heeft bevestigd dat het Brocade overneemt voor een bedrag van 5,9 miljard dollar. Hiermee breidt Broadcom zijn positie ...

Brocade in advanced talks to sell itself - report

Published 01 Nov 2016 09:49 CET | World
Brocade has put itself on sale and is now in advanced acquisition talks, Bloomberg reported, citing sources familiar with the ...

Brocade to acquire Ruckus Wireless for USD 1.5 billion

Published 04 Apr 2016 15:19 CET | World
Brocade Communications has announced an agreement to acquire Wi-Fi equipment maker Ruckus Wireless in a cash and stocks deal ...

Broadcom, Avago complete merger

Published 02 Feb 2016 13:42 CET | World
Broadcom and Avago Technologies have completed their merger. The last day of trading for Avago shares was 29 January, and the new ...