Maxlinear buys Broadcom backhaul business

Tuesday 10 May 2016 | 14:52 CET | News
MaxLinear said it has agreed to buy some assets and intellectual property of Broadcom for USD 80 million in cash. The deal is expected to close near 1 July, subject to the usual closing conditions and approvals. The announcement was made as the company reported first quarter revenues in line with its guidance at USD 102.7 million, jumping 190 percent from the year before. The net profit soared to USD 19.1 million or USD 0.29 per diluted share, from a loss of 8.5 million or 0.14 per diluted share, including USD 2.1 in restructuring charges for the now subleased former Entropic leased

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Categories: General
Companies: Broadcom / MaxLinear
Countries: World
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