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Broadcom Corporation acquired ServerWorks Corporation, a maker of chipsets for IA-32-based servers, in 2001 for $957 million. This acquisition was one in a string of purchases of companies by Broadcom in the beginning of the 2000s. Unlike the others, which were struggling start-ups, ServerWorks was revenue-generating and profitable. [2] [3] [4]
Broadcom facility in Bangalore, India, as seen in 2019. On 28 May 2015, Avago announced that it would buy Broadcom Corporation [29] for $37 billion ($17 billion cash and $20 billion in shares). [30] The combined company, which would be named Broadcom Ltd., would have annual revenue of $15 billion and a market value of $77 billion. [31]
$130 billion with assumed debt ($103 billion without), Qualcomm shareholders would get $60 in cash and $10 per share in Broadcom shares. Qualcomm rejected Broadcom's $103 billion takeover bid, saying the offer “dramatically” undervalued the U.S. company. [444] [445] 15 2006 Kohlberg Kravis Roberts Texas Pacific Group: The Home Depot: 100.0 ...
Computer chip and software maker Broadcom has announced it has cleared all regulatory hurdles and plans to complete its $69 billion acquisition of cloud technology company VMware on Wednesday. The ...
Broadcom (AVGO) is benefiting from its expanding product portfolio on the back of strategic acquisitions. Diversification of end market & customer base adds resilience to the company's business model.
Beijing antitrust regulators spent so long evaluating a $5.4 billion acquisition by Intel Corporation that the U.S. chipmaker eventually gave up. Now, the country may try to use the same strategy ...
Letter to shareholders asking for approval of acquisition by Broadcom On July 11, 2018, Broadcom Inc. announced it would acquire CA Technologies for $18.9 billion in cash. [ 111 ] CA's head, Mike Gregoire, said, "This combination aligns our expertise in software with Broadcom's leadership in the semiconductor industry."
Broadcom has a long history of acquisitions. In fact, if you have ever wondered why a company called Broadcom has the ticker symbol "AVGO," it stems from Avago's acquisition of Broadcom back in 2016.