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Avago in talks to buy Broadcom for USD 35 bln - report

2015-05-28 09:25:00| Telecompaper Headlines

(Telecompaper) Chipmaker Avago Technologies is expected to soon announce its takeover of Broadcom for about USD 35 billion, the Wall Street Journal reported, with sources saying the two companies were in advanced talks. An acquisition of Broadcom valued at USD 35 billion would be the largest semiconductor takeover ever, according to market watchers. Earlier this month, reports noted Avago was looking to buy a fellow chipmaker and that it had reached out to Xilinx, Renesas Electronics and Maxim Integrated Products.

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