Broadcom Corporation, maker of chips for Apple's mobile devices, has announced that it will buy NetLogic Microsystems. The agreement provides that NetLogic shareholders will receive $50 per share in a transaction valued at a total of $3,7 billion. The operation has already received approval from both boards of directors and should be definitively formalized in the first half of 2012. Thanks to this acquisition, Broadcom considerably expands the range of products for the telecommunications segment.
Broadcom buys Netlogic for $3,7 billion
The transaction has already received authorization from both boards of directors and will be officially finalized in the first half of 2012.
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FIRSTonline is an independent web journal of economics, finance and stock exchange published by AL Iniziative Editoriali Srl with registered office in Rome, founded and controlled by Ernesto Auci e Franco Locatelli and owned by two minority shareholders (Alessandro Pavesi and Laura Rovizzi). The portal and its applications are created in daily life by two agile editorial offices, one in Milan and one in Milan Roma, and by an innovative and effective team of innovation and web managers.
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