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Avago Buys Rival Broadcom for $37B

2015-06-02 09:55:27| Electronics - Topix.net

Chipmaker Avago Technologies is buying Broadcom Corp. for $37 billion in a cash and stock transaction. When the acquisition is complete, the merged company may not be the largest semiconductor company in the world but it will be an industry behemoth with annual revenues of about $15 billion.

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